Black Friday Sale! Save huge on InvestingProGet up to 60% off

Talking Netflix subscriber growth

Published 07/12/2017, 09:03 AM
© Reuters.  Talking Netflix subscriber growth
NFLX
-
  • 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

Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.