Investors and buyers of Netflix stock will be biting their nails this morning, while sellers of the same stocks will be punching the air, as the streaming giant says subscribers will fall 8% in Q2, citing rising competition and higher content costs.

Second quarter results from the company, scheduled to be released at 20:00 GMT, will undoubtedly shed more light on the forecast.

From December last year, to this year’s high in May, shares have tumbled 67%. 

Subscriber growth will likely remain stifled as the pace of releases for new shows slows down, compounding the effects of a 13-18% price hike in January.

Concerns for Netflix’s longer-term future also surfaced last month, with the announcement from Disney of a rival streaming service at fraction of the cost. 

Disney expects to pull in 60 to 90 million subscribers by 2024, much of which may eat into Netflix’s market share.

On the positive side, the diversity of Netflix’s content and a paying subscriber base of 149 million, should make it hard for rivals to supplant its position as kings of online streaming.

And while Q2 releases were hardly box-office, Q3 is already showing promise, with series 3 of “Stranger Things” attracting a record 41 million viewers in only four days.

Also planned for Q3 is the last season of “Orange Is The New Black”, as well as a third season of Ozarks, a Netflix original crime offering that took the summer of 2017 by storm.

Whether you predict Netflix stocks to rise or fall over the rest of 2019, you can trade either direction with TIOmarkets on a secure and cost-effective platform.

Register here to buy or sell Netflix (NASDAQ:NFLX) within minutes.

Avatar
Author

3 Comments

  1. Avatar

    Wonderful blog! Do you have any recommendations for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any tips? Appreciate it!

  2. Avatar

    What i don’t understood is actually how you’re no longer actually much more smartly-appreciated than you might be now. You are very intelligent. You understand therefore significantly when it comes to this subject, made me individually consider it from numerous various angles. Its like women and men don’t seem to be involved except it is something to do with Girl gaga! Your personal stuffs nice. All the time handle it up!

  3. Avatar

    Fantastic blog! Do you have any tips and hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely overwhelmed .. Any recommendations? Cheers!

Write A Comment