Netflix shares jump as subscribers grow

Daniel Fowler
October 18, 2019

In July, Netflix introduced that 40.7 million households had watched Stranger Issues season three inside its first 4 days obtainable on the service, and that 18.2 million had already accomplished the entire season.

Netflix posted 517,000 paid domestic additions in the third quarter, missing analyst estimates of 802,000 additions.

And despite all of the competition that's set to roll out in the next few months, Netflix estimates it will grow its global streaming paid memberships to 165 million in Q4 2019.

"Its original content for places like India and some European markets will mean the company will continue to be favored in the early years of these streaming wars".

“We strive to program Netflix with the best variety of high-quality content across many genres (scripted series, films, docs, comedy specials, unscripted TV, kids & family, anime, etc.).

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In the letter to shareholders, Netflix said its plans to continue to focus on original content, largely due to the anticipated pullback of second run content from some studios and because original content "is working in the form of member viewing and engagement".

Netflix also sees its technology platform as an advantage, enabling it to stream to people on all kinds of devices and to mine mountains of data to feed users recommendations about what to watch next - and to give producers insights about what audiences like.

Products, partnerships and new experiments have also been successful for Netflix. There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance.

Netflix has warned that original streaming products and services from Apple and Disney might perchance perchance squeeze its boost within the arrival months as it gears up for its ideal aggressive challenge to this level. Netflix reported positive earnings overall and appeared to bounce back from the previous quarter. In fact, Netflix already contemplates that slower than expected annual growth will be reflected in the results of the next quarter.

In the premarket, shares are trading at $309 per share, up from Wednesday's close of $286.29. On October 9, Netflix stock was valued at $267.53.

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