Netflix rebounds as subscribers grow ahead of Disney, Apple attack

Netflix Says Mobile Plan Did Better Than Expected in India Might Bring It to Other Markets

Netflix fell 300,000 subscriptions short of its forecast in the USA market and 200,000 short in global additions in the last quarter, missing growth targets for the second quarter in a row, according to Q3 results released overnight.

The company also reported earnings per share that surpassed expectations.

The streaming incumbent is still adding millions of subscribers overall though - another 6.8 million signed up in Q3 in total, including 517,000 U.S. subscribers.

Netflix is expected to face tough competition as the so-called "streaming wars" begin with the launch of Disney+ and Apple TV+ in November.

Netflix leaders said they remained confident of the firm's long-term prospects, noting that the firm has been competing against traditional television and firms such as Amazon and YouTube for years.

The video-streaming pioneer is bracing for the launch this month of Walt Disney Co's Disney+ and Apple Inc's Apple TV+ after years when it has been left largely to develop and garner content from Hollywood studios unthreatened. "We do these different tests and try to figure out what is the right set of plans that have the right benefits, the right features that are delivered at the right price for the subscribers in any given market" Peters said.

"Fundamentally, it is more of the same".

But analysts said the latest report includes signs of trouble ahead for the market leader, which fell short of its subscriber targets.

Extinction Rebellion protesters climb on board Tube trains in east London
Two activists climbed onto a train at Canning Town station holding a sign which read "Business as usual = death". The Met Police said yesterday they had arrested 1,642 people since the protests started.

New streaming services are more likely to steal audiences from traditional television, they added.

Netflix trimmed its forecast for subscriber growth this year, saying that it now expects to add 26.7 million subscribers at the end of this year, down from 28.6 million subscribers last year.

Netflix said its mobile-only subscription plan for India is better than expected and will look at testing it in other markers with similar conditions.

"We're expanding our non-English language original offerings because they continue to help grow our penetration in worldwide markets", it added. "We also plan to expand our investment in local language original films and unscripted series", said the company.

"Amazing content can be expensive", Netflix said.

"Just to talk a little bit about where we are in India, I mean again, we think about revenue as a guiding principle for us". For example, the Spanish-language action series Money Heist has been tremendously popular here in the United States, and other non-English content has been popular as well.

Hastings reasoned that with Facebook and YouTube boasting billions of active users, and billions of mobile phones users who can stream shows from the internet, there is a huge market for Netflix and its rivals to share.

Related News:



Most liked

4th Defendant Arrested In Alleged Campaign Contribution Scheme Linked To Giuliani
Correia is not charged in the part of the case involving Sessions, but he has significant ties to the companies under scrutiny. All of the defendants are USA citizens, but Kukushkin and Parnas were born in Ukraine and Fruman in Belarus.

Some Apple Users' Safari Data Sent to China's Tencent, Researcher Says
Additionally, they have also removed an app that was created to help users avoid areas of protest in Hong Kong. However, now that Tencent is part of the equation, privacy-conscious users may want to rethink this trade-off.

We're Getting a New (Unofficial) Game Boy
In this case, Analogue promises that the Pocket will play every Game Boy, Game Boy Color and Game Boy Advance game out of the box. And with the help of an adapter, you can also plug in cartridges for game Gear, Neo Geo Pocket Color and Atari Lynx as well.

Uefa probes Turkish footballers' military salute in Euro 2020 qualifier
In the tweet, the federation wrote that the team "dedicated their victory to our fearless soldiers and fellow martyrs". UEFA was already looking into Turkish players' salutes from during and after Friday's 1-0 win over Albania.

Get your flu shot, says Health Unit
People also should avoid congregating in public settings when they are ill to minimize the risk of infecting others. So, essentially you are getting a "mini-flu" illness , which is why people may feel ill after getting the vaccine.

System in the Gulf could become Tropical Storm Nestor
Rainfall in the Triangle and Sandhills should range between a half inch to one and half inches. There is a 70% chance it will become a tropical depression or tropical storm by Friday.

Google’s new Pixel smartphones take the spotlight
Google in its produced by Google's hardware occasion from New York City introduced a brand new notebook, Pixelbook Go . The Pixel 3 had a slightly larger battery with 2915 mAh compared to the standard Pixel 4's 2800 mAh.

Volvo XC40 Recharge EV revealed
Future Volvo customers will need to answer one fundamental question: do you want a new Volvo with a cord or without one? Recharge will be the overarching name for all chargeable Volvos with a fully electric and plug-in hybrid powertrain.

Realme X2 Pro is a OnePlus 7T killer
The 5 Pro will be available from October 18 and the X2 from October 29 from realme's website, Amazon, eBay, and Ali Express. Also, it has HyperBoost 2.0 for more stable frame rates while Touch Boost 2.0 will increase touch responsiveness by 35%.

World Economic Outlook forecasts rise in unemployment in Pakistan
IMF's projected development price of 6.1 per cent for 2019-20 is in line with the Indian Financial Policy Committee's forecast. It also says leading economies should be prepared for co-ordinated use of government finances if there is a severe downturn.

Fortnite unveils Chapter 2 Season 1 Battle Pass with new look
Following two days of server downtime, Fortnite Chapter 2 absolutely delivers on the hype many fans have speculated about. The Fornite world came to a standstill recently with the end of the game as we know it.

Howard Stern Kisses Ellen, Remarries Beth With 'Bachelor' Colton Underwood Officiating
As they finished - amid cheers from the audience - Stern jokingly told the crowd that DeGeneres tried to French kiss him. During a recent interview with NPR , John said that DeGeneres is entitled to be friends with whomever she chooses.

Maui's Kurt Suzuki Headed to World Series with Nationals
The Nationals had never managed to advance in the postseason since arriving, going 0-4 in the NLDS over the last seven years. The Nationals then went after Cards starter Dakota Hudson in the bottom of the first, scoring seven runs on six hits.

Blaney victorious at Talladega
Then Newman came charging along on the outside line with help from Denny Hamlin and he easily zipped past Blaney. And it was an exciting win as Blaney crossed the finish line banging doors Ryan Newman .

US Democrats proclaim 'dramatic progress' in Trump impeachment inquiry
Davis also pointed out that holding a vote gives the American public much-needed transparency on the impeachment battle, too. Democrat leaders say they will not hold a formal floor vote to launch an official impeachment inquiry.