Economy

We are just getting started in India; Q3FY2019 earnings — Netflix

We are just getting started in India; Q3FY2019 earnings — Netflix

The company has parlayed that into huge gains for investors.

Better-than-expected growth in the third quarter will keep that narrative alive, while another miss will probably prompt a major sell-off.

Shares of Netflix have done well in 2018, up about 80 percent on the year even as other tech stocks have taken it on the chin this month amid weakness in so-called FAANG group: Facebook, Apple, Amazon, Netflix and Google.

Has Netflix's studio lost its touch?

Watch Netflix trade in real time here. Nor did numerous new releases seem to break through.

KeyBanc Capital Markets' Andy Hargreaves lowered his rating for Netflix shares to Sector Weight from Overweight, citing concerns over the company's long-term profitability.

Analysts estimate that it added about 676 hours of original programming in the U.S. in the most recent quarter - 135% more than in the same period past year.

Wedbush analyst Michael Pachter was another skeptic, saying he was "mystified by the investor love affair with Netflix's India opportunity", pointing to price differences in Netflix's monthly plans versus cable TV in the country.

Has Netflix caught on in Asia?

In the last two quarters, Netflix has bridged the gap.

Students allegedly baked sugar cookies with human ashes, served them to classmates
A student at the school, Andy Knox, told California television station KCRA-TV that he was offered a cookie when entering a class. A school resource officer reported that two female students were involved in bringing the cookies to school, Doroshov said.

Netflix never identifies which shows are most successful.

Netflix has spent aggressively to develop original content to lure new subscribers despite tough competition from services offered by Amazon and other outlets.

"Our broad slate of original programming helped drive a solid quarter of growth", Netflix said in a letter to shareholders. Leave us a comment and let us know what you think.

The company said it expects to add 9.4 million net subscribers globally in its fourth and final quarter of the fiscal year.

That paid off in terms of new subscribers.

Netflix expects to burn through more than $3 billion in cash this year and in 2019. That number should top 35% this year. Netflix acknowledged that India is "somewhat of a tough market". It now has some 137 million subscribers worldwide.

Overall, Wall Street continues to be enamored with the streaming service.

Hastings, 58, suggested that he wasn't anxious about the competition.

Netflix will spend how much?

Now ranked as the third market with most subscribers after the USA and Brazil, its market share grew more rapidly than either country during the third quarter, the report added. The company said Tuesday that it was already in production of "the next set of original rom-coms" for its members.


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