Netflix reported a slowdown in the number of new subscribers

News

Netflix reported a slowdown in the number of new subscribers

23.10.2020 News

The streaming service Netflix published quarterly reports, which did not meet analysts’ expectations on a number of indicators. In this regard, the company’s shares fell by 5.7% during electronic trading.

For example, Netflix’s earnings per share were $ 1.74, while analysts surveyed by Refinitiv expected $ 2.14. The number of new paid subscribers was 2.2 million, while FactSet analysts forecast 3.57 million, and Netflix itself in the forecasts for the third quarter, made in July, indicated a figure of 2.5 million. Meanwhile, revenue, on the other hand, exceeded analysts’ expectations: Netflix earned $ 6.44 billion against $ 6.38 billion forecasts.

The company explains the slowdown in the number of new subscribers by the fact that in the previous two quarters this figure reached record values: in a pandemic, about 26 million people signed up for services, almost as for the whole of 2019, and therefore now, according to the company, some reducing the growth rate of the subscriber base naturally. In addition, there is increased competition in this market. Yes, Walt Disney previously announced a reorganization of its business with a focus on streaming services. AT&T, WarnerMedia and Comcast are working in the same direction.

Other articles

  • Boeing shares rose by 6.7% after 737 MAX flight permission
    News

    Boeing shares rose by 6.7% after 737 MAX flight permission

    Before starting flights, Boeing will need to comply with a number of regulatory requirements – retrain pilots and update aircraft software. Boeing shares in the premarket rose by 6.73% to $ 234.16 per share, according to previous trading data. The head of the US Federal Aviation Administration (FAA), Steve Dickson, has signed an order allowing […]

  • Walmart’s net profit for February-October increased by 44%
    News

    Walmart’s net profit for February-October increased by 44%

    The consolidated net profit of the world’s largest retail chain, American Walmart, for the nine months of 2020-2021 fiscal year (February-October 2020) increased by 44% and amounted to $ 15.714 billion, according to a press release. Walmart’s adjusted net income per share for the nine months was $ 5.48 against $ 3.74 in the same […]

  • Nissan Motor suffered a loss of $ 3.1 billion
    News

    Nissan Motor suffered a loss of $ 3.1 billion

    The net loss of the Japanese automaker Nissan Motor in the first half of 2020-2021 fiscal year amounted to 330 billion yen ($ 3.1 billion) against a profit of 65.4 billion yen (about $ 620 million) a year earlier, follows from the financial statements of the company. The loss per share was 84.33 yen ($ […]

  • Toshiba’s net profit for April-September was $ 33 million
    News

    Toshiba’s net profit for April-September was $ 33 million

    The Japanese electronics giant Toshiba Corporation in the first half of the 2020-2021 fiscal year (ended September 30) earned a net profit of 3.493 billion yen ($ 32.95 million) against a loss of 145.146 billion yen ($ 1.3 billion) a year earlier. it is said in the company’s reporting. The company’s operating profit was 3.114 […]

  • Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19
    News

    Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19

    Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]

  • Netflix’s future growth will come from India and other major Asian markets
    News

    Netflix’s future growth will come from India and other major Asian markets

    Shares of Netflix fell after the company released a quarterly report on October 20 with only 2.2 million new subscribers. At the same time, over the last week, stock growth has resumed and since the beginning of the year, the share price of Netflix has risen by 59%. The company’s management and analysts cited the […]

  • Volkswagen buys American truck manufacturer for $ 3.7 billion
    News

    Volkswagen buys American truck manufacturer for $ 3.7 billion

    Traton Group, Volkswagen’s subsidiary for truck production, announced the purchase of its American competitor, Navistar International. Traton, which already owns about 16.7% of Navistar, is buying 83.3% of the company’s shares for the remaining $ 3.7 billion. Thus, the total value of the American company is estimated at $ 4.4 billion. Traton will pay Navistar […]

Read also

Netflix reported a slowdown in the number of new subscribers
News

Walmart has joined to Microsoft in an attempt to buy TikTok’s assets in the United States

American Walmart announced its decision to join Microsoft and to participate together in the struggle for the acquisition of Chinese business TikTok in USA, Canada, Australia and New Zealand. “The way, how TikTok has integrated e-commerce and advertising capabilities in other markets, will be a clear advantage for creators and users in the particular markets,” […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Eli Lilly and Regeneron have requested the permission for the emergency use of drugs from COVID-19

Eli Lilly and Regeneron have applied to the Food and Drug Administration (FDA) for the permission to use emergency coronavirus drugs. Eli Lilly conducted clinical trials with the placebo group, as a result of which the drug has proven its antiviral action. Regeneron did not provide the research data, but the company’s drug was widely […]

Next
Netflix reported a slowdown in the number of new subscribers
News

UkrAgroCom and Hermes-Trading dairy complex is recognized as breeding farms

“Petrikov milk” dairy complex got the status of a pedigree farm on breeding Holstein cattle in the area of ??dairy cattle breeding, said the press service of the UkrAgroCom and Hermes-Trading, which owns the complex. This status is assigned to the order of the Ministry of Agrarian Policy and Food of Ukraine on December 30, […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Deutsche Bank explained the abnormal demand for bitcoin

Abnormal growth in the value of bitcoin and sharp demand for it is due to the desire of investors to protect their savings from inflation, according to analysts at investment bank Deutsche Bank. Printing machines in the US and the EU will very quickly fill the economy with cheap money, with growing problems in the […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Oschadbank won the case in the Deposit Guarantee Fund

The state financial institution Oschadbank won the Court in the Individuals Deposit Guarantee Fund (IDGF), and obtained the right not to return 2 billion UAH, that was  received from the Delta Bank. This was stated by FinClub. “The essence of the conflict is to try to return to the Delta assets that Oschadbank received from […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Ukrsotsbank initiated a criminal case against agro-industrial holding “Creative”

“Ukrsotsbank” obtained the criminal case against the “Creative”, –  reported Finclab. In “Ukrsotsbank” commented that on January 14, 2016 by investigators of the National Police was opened a criminal case (№12016100000000014, Article 191 part 5) on the fact of abuse of office and embezzlement of “Ukrsotsbank” in large-scale by employees of agricultural holding “Creative”. According […]

Next
Netflix reported a slowdown in the number of new subscribers
News

The Australian company got rid of the gas field in Ukraine

The press service of Hawkley reports that Hawkley Oil & Gas Limited Australian mining company had reported about the Ukrainian company sale transaction assets of Tomeas Assets Ltd. The amount of transaction has constituted 1 million dollars. Negotiations on sale have continued since February 2016. Reportedly that Hawkley Oil & Gas Limited will allocate proceeds […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Walmart has partnered with three drone manufacturers launching trial delivery of tests for the coronavirus

The company Walmart continues to follow the advanced technology in the field of e-commerce and delivery. Walmart has partnered with three drone manufacturers: Flytrex, Zipline and DroneUp, as well as with the large American network of clinical laboratories Quest Diagnostics. According to the company, DroneUp drones have already made 57 flights with the average time […]

Next
Netflix reported a slowdown in the number of new subscribers
News

WHO has announced another record with COVID-19

In the world last week, coronavirus was found in another 2.4 million people – a record high since the beginning of the pandemic. This was reported by the WHO on Tuesday, October 20. “The number of new COVID-19 cases continues to grow rapidly, while the number of new deaths remains relatively stable … As of […]

Next
Netflix reported a slowdown in the number of new subscribers
News

USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group

The world’s largest car manufacturing company Volkswagen, which has recently been involved in a major diesel scandal for understating  of emissions of harmful substances into the atmosphere, will now be sued in court on charges of violation of environmental legislation. Recently the USA Department of Justice filed a civil suit in federal court. The statement […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Marriott announced about merge

Marriott is buying Starwood to make the largest hotel company in the world. Together, the companies will operate or franchise 5,500 hotels with a total of 1.1 million rooms. The company will span 100 countries. Marriott International (MAR) and Starwood Hotels & Resorts Worldwide (HOT) announced the $12.2 billion deal on Monday. Starwood brands include W Hotels, St. Regis, Westin and […]

Next
Netflix reported a slowdown in the number of new subscribers
News

The founder of Microsoft announced when the drug from COVID-19 will appear

The coronavirus epidemic in the world will intensify by the end of this year due to the seasonality of the infection, but in early 2021 the situation will improve. This opinion was expressed by the head of Microsoft Bill Gates at the virtual conference GeekWire Summit. This was reported by Inc. “The good news is […]

Next
Netflix reported a slowdown in the number of new subscribers
News

The IMF named the condition for the completion of the corona crisis

The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]

Next
Netflix reported a slowdown in the number of new subscribers
News

SoftBank Group Corporation buys ARM Holdings Plc

Japanese mobile operator SoftBank Group Corporation buys the british corporation – ARM Holdings Plc for 24.3 billion pounds ($ 32 billion). According to SoftBank, shareholders ARM Holdings could receive 1700 pence per share, which is 43% more than the value of the securities at the close of trading in London on Friday. Price of ARM shares […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Milovanov stated that the new lockdown will be easier for the economy

If re-rigid quarantine is introduced, the Ukrainian economy will lose three times less than during the spring lockdown. This was stated on ICTV by the adviser to the head of the President’s Office Tymofiy Milovanov. According to him, the second lockdown will be easier, because during this time the economy has adapted to the conditions […]

Next
Netflix reported a slowdown in the number of new subscribers
News

Georgian Manganese, controlled by shareholders of Privatbank, stopped the work of Chiatura manganese mine until the spring

Georgian Manganese temporarily suspends all works on the extraction and enrichment of manganese ore in the Chiatura mine (formerly JSC “Chiaturmarganets”, Georgia, Imereti). According to American Metal Market, the activities will be stopped starting from January 20, due to poor market conditions in the global markets of steel products. Stop of Enterprice , which is […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com