Netflix share price slumps 11% as Q2 falls short of expectations
Netflix blames price increases and an under-performing content slate for poor performance in the second quarter of 2019.
Netflix blames price increases and an under-performing content slate for poor performance in the second quarter of 2019.
Netflix started as a platform where old-series could be relived, but now with rivals aiming to replicate the success of the streaming giant, the content world is becoming increasingly fragmented.
A new report from UK analyst firm Re-Think has painted a gloomy picture for those attempting to muscle into Netflix’s dominance in the streaming world.
Apple is on the verge of announcing something big, but its TV streaming ambitions have been undermined as Netflix dismisses any tie-up with the iLeader.
A report by EY showed 44% of UK households think they get better value from streaming services than from any pay TV operators.
Netflix has increased its annual revenues by 35% and doubled profits over the course of 2018, but that didn’t prevent a 3.8% share price drop in overnight trading.
The latest report published by App Annie showed mobile apps had their best year in 2018, and will get better in 2019.
A recent Nielsen report on the evolution of US TV viewing habits reveals a 48% increase in the number of households switching entirely to over the air access.
Last time Netflix reported its quarterly financials it disappointed investors. Three months later its back to its blistering best with revenues of $3.9 billion.
Netflix number one, Spotify number two and Primark number three; who doesn’t love cheap pants though.
Having initially announced a tie-up earlier this year, Sky has somehow managed to convince Netflix to loosen the grip on customer experience, integrating its biggest titles into a very chunky on-demand package.
Netflix is one of the largest technology companies on the planet, but there is still mountains of room for growth over the next few years.
Netflix’s share price is down after it missed self-imposed net adds forecasts, but an extraordinary amount of marketing spend hints this quarter might just be a bump in the road.
M&A deals involving telecoms and media companies in 2018 has registered a historic high of over $300 billion, six times higher than last year.
Virgin Media is the latest telco to cash in on the aggregator trend, building on a partnership with Netflix to allow customers to pay for the streaming service through their Virgin Media bill.
Telefónica and Netflix have jointly announced a global partnership which allow the telco’s customers to watch the popular streaming service through its content platform.
Video-on-demand giant Netflix has released some survey data indicating two thirds of people stream video content in public.
Disney has announced the acquisition of a majority stake in video streaming provider BAMTech in a step towards streaming its own content independently.
Netflix has recently released the results of its ISP Speed Index for February, which reveals Switzerland has best prime time Netflix performance worldwide, and the UK is distinctly average.
Analyst firm Ovum reckons Netflix’s spending on original content is unsustainable and something’s got to give.
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