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Talking Netflix subscriber growth

Published 07/12/2017, 09:03 AM
© Reuters.  Talking Netflix subscriber growth
NFLX
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  • A detailed UBS study of app downloand and content tracking indicates that Netflix (NASDAQ:NFLX) had strong momentum in Q2.
  • The firm points to "substantial improvements" in Europe in particular.
  • Guidance from Netflix is for 600K U.S. subscriber adds in Q2 and 2.6M international adds, marks that UBS thinks could be topped.
  • Separately, a poll by Reuters/Ipsos shows that password sharing is holding Netflix back from seeing even more growth based on the 20% of young adults who say they share password to stream shows. "If Netflix goes from a 30% revenue growth story to a 10% story, there is absolutely going to be more focus on their leaving money on the table," observes Raymond James analyst Justin Patterson.
  • Sources: Bloomberg and Fortune
  • What to watch: Netflix is due to report earnings on July 17. The company's earnings conference call can be watched on YouTube.
  • NFLX +1.05% premarket to $155.85 vs. a 52-week trading range of $84.50 to $166.87.
  • Now read: Netflix Madness: A Safe Way To Short

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