|Day's Range||1.0700 - 1.0700|
Yahoo Finance Editor-in-Chief Andy Serwer sits down with former UN Ambassador and National Security Advisor to President Obama, Susan Rice.
OneWeb CEO Adrian Steckel explains how his company is rivaling Elon Musk's SpaceX and Jeff Bezos' Blue Origin with Yahoo Finance's Akiko Fujita on "The Ticker."
Comcast's (CMCSA) third-quarter earnings are likely to have benefited from the expanding high-speed Internet subscriber base, Xfinity Mobile user base and Sky's portfolio strength.
Netflix Inc. is planning to raise another $2 billion in debt as it moves to raise the financing needed for new content as the battle for streaming customers heats up with a slate of new offerings on tap.
Market participants are betting on the record-high U.S. indices as about 120 S&P 500 companies are scheduled to release their results this week.
Dow Jones futures: As the stock market rally seeks direction, Microsoft, Chipotle, Visa, Comcast and New Oriental Education are IBD stocks near buy points, with earnings this week.
Adrian Steckel, CEO of OneWeb, believes space is a “shared resource” and calls for regulations to level the playing field.
This weekend's Barron's cover story suggests how to play the streaming TV revolution. Other featured articles discuss the effect of lower enterprise tech spending and offer dividend stock picks for a low-rate ...
DreamWorks' animated movie "Abominable" will not be released in Malaysia after its producers declined to meet a censor board requirement to cut a scene showing China's "nine-dash line" in the South China Sea, the movie distributor said on Sunday. The U-shaped line is used on Chinese maps to illustrate its territorial claims over vast expanses of the resource-rich South China Sea, including areas claimed by other countries. Malaysia's Film Censorship Board said last week that it has given the green light for the movie to be screened in cinemas without the scene depicting the map.
Netflix Inc. has been dismissive of the anticipated impact of an onslaught of streaming competitors, but as a wave of well-financed streaming services from big-name companies is about to be unleashed, executives’ tone has changed.
Comcast’s new Washington chief tries to call at least two customers a week. Unless they ask, Rodrigo Lopez doesn’t say what his role is. “When I say who I am, they either completely open up or shut down,” said the regional senior vice president for Washington, who took on the role about four weeks ago.
Attractions can benefit from real-life elements such as characters or special effects that enhance the overall experience.
NEW YORK , Oct. 18, 2019 /PRNewswire/ -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, is investigating whether directors and ...
The University of Washington Athletics Department created the chief technology officer position in 2014 because of the campus’ growing technology footprint. Earlier this year, it announced a partnership with Comcast.
Comcast (CMCSA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Michael Parker has been named Senior Vice President of the Keystone Region, where he will oversee more than 3,600 Comcast employees and lead operations, financial performance and customer service for approximately 1.7 million customers in Pennsylvania, Ohio, West Virginia, and Maryland. “I’ve worked with Michael for many years and I’m thrilled he has accepted this role to continue the Keystone Region’s success. A veteran of the U.S. Marine Corps Reserve, Parker has spent the last 18 years in progressively larger leadership positions at Comcast.
PITTSBURGH, Oct. 17, 2019 /PRNewswire/ -- Michael Parker has been named Senior Vice President of the Keystone Region, where he will oversee more than 3,600 Comcast employees and lead operations, financial performance and customer service for approximately 1.7 million customers in Pennsylvania, Ohio, West Virginia, and Maryland. "I've worked with Michael for many years and I'm thrilled he has accepted this role to continue the Keystone Region's success. A veteran of the U.S. Marine Corps Reserve, Parker has spent the last 18 years in progressively larger leadership positions at Comcast.
(Bloomberg) -- Netflix Inc. jumped the most in nine months after its third-quarter results allayed concerns about looming competition from Walt Disney Co. and Apple Inc.The company added 6.77 million subscribers in the third quarter, with stronger-than-expected growth overseas, it said Wednesday after markets closed. Earnings also topped Wall Street estimates, letting investors overlook a tepid forecast for the final quarter of the year.Investors had been bracing for a weak showing after Netflix delivered a disappointing quarter three months ago. The stock had been flagging for weeks. The actual results -- though far from perfect -- were a relief, sending the shares up as much as 7.9% in New York trading Thursday.“It was a really strong quarter -- not just around subscribers, the overall business performance,” Chief Financial Officer Spencer Neumann said in a taped interview with Guggenheim Securities analyst Michael Morris.International markets account for almost all of Netflix’s growth -- and most of its total customers. The world’s largest paid online TV network signed up 6.26 million new users outside the U.S., beating forecasts. Netflix expects to sign 7 million more international customers during the current three months, ending the year with its strongest overseas growth to date.The company benefited from new seasons of a couple of its most popular shows. The teen science-fiction show “Stranger Things” was viewed by 64 million households in its first four weeks, making it the most-watched season of original programming on Netflix. A new season of “La Casa de Papel,” a Spanish heist series, was viewed by 44 million households. It was Netflix’s most-watched show in non-English-speaking countries.Netflix is looking to stoke demand outside the U.S. by investing more in international original series. The company has already released 100 seasons of local language scripted series from 17 countries, and plans to release more than 130 next year alone.Overseas markets will be even more important in the face of new competition from Disney, Apple, Comcast Corp. and AT&T Inc. All four of those companies will introduce new streaming services in the next few months, starting in the U.S. While the final three months of the year are typically among the company’s strongest, Netflix expects to add a total of 7.6 million more customers in the fourth quarter -- fewer than it did a year ago.‘Noisy’ LaunchThe new services from Disney and Apple both launch next month. The Disney+ platform is geared toward kids and families, with hundreds of movies and shows, including Star Wars, Avengers and Pixar fare. Apple’s product is more adult-oriented and has less content.“The launch of these new services will be noisy,” Netflix said in its quarterly letter to investors. “There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance.”The stock has taken a beating lately, dropping 21% since the prior quarter’s miss was announced in July. Even after the latest rally, it’s not back to its summertime highs, but Netflix has restored the faith of many investors.Third-quarter revenue grew 31% to $5.24 billion, just shy of Wall Street projections. Profit increased to $1.47 a share, easily beating analysts’ estimates of $1.05. This quarter, the company forecasts earnings of 51 cents a share on sales of $5.44 billion. Both are below Wall Street estimates.Recent price hikes have lifted both profit and revenue. Those increases have slowed subscriber growth in the U.S., however. Gains in the U.S. last quarter amounted to just 520,000 new accounts, and the company is going to post its weakest growth at home in years, adding just 2.7 million customers this year.The Los Gatos, California-based company will continue to use the junk-bond market to finance its programming costs, which are expected to total about $15 billion this year.Netflix didn’t say whether it would increase prices again any time soon. It does plan to test more mobile-only and cheaper plans in poorer countries across Asia, where it has the most room to grow.“We’re incredibly low-priced compared to cable,” Chief Executive Officer Reed Hastings said. “We’re winning more and more viewing.”To contact the reporter on this story: Lucas Shaw in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") placed Lions Gate Entertainment Corp.'s (Lions Gate) Ba3 corporate family rating (CFR), Ba3-PD probability of default rating, as well as the Ba2 1st lien senior secured credit facility rating and B2 senior unsecured notes ratings issued under its wholly owned US subsidiary, Lions Gate Capital Holdings LLC's (Lionsgate Capital) on review for downgrade. The review is prompted by the announcement that Starz will purportedly be dropped by Comcast Corporation's (Comcast) pay TV platform after its agreement expires at the end of 2019.
(Bloomberg) -- The stakes are often high when Netflix Inc. reports results: Stock swings of 10% or more aren’t uncommon. But with the shares down more than a fifth since the streaming giant disappointed investors in July, the risk of another plunge may be lower this time around.When Netflix posts results after markets close Wednesday, analysts expect an increase of about 800,000 U.S. subscribers for the third quarter and about 6 million internationally. Whether or not the company hits those targets may depend on how much Netflix’s new programming resonated with viewers.The timing of Netflix’s latest shows probably helped subscriber growth, said Third Bridge’s Scott Kessler, who cited the new season of “Stranger Things” as a potential driver. Netflix also may have gotten a boost from a competitor’s show, HBO’s “Game of Thrones,” ending its run.Gerber Kawasaki Inc., a Netflix investor, also expects “a pop from the people moving from HBO and resubscribing,” thanks to “Stranger Things.”Still, Gerber investment adviser Nick Licouris said the firm has been reducing its position because of looming competition from Apple Inc., Walt Disney Co., AT&T Inc. and Comcast Corp. The Santa Monica, California-based wealth manager holds more than 12,000 shares valued at almost $3.7 million, according to a June regulatory filing.The earnings report this afternoon “is a heavily debated setup, the trickiest one in a while,” said Lynx Equity analysts KC Rajkumar and Jahanara Nissar. The firm called it “a high-wire act” where “much could go wrong.”Given that Netflix has been growing so much faster internationally, analysts will be eyeing the company’s progress -- and spending -- in key foreign markets.“We’re looking to see if there’s any meaningful traction with some of the lower-priced, mobile-only plans -- with India primarily,” Andy Hargreaves, a KeyBanc Capital analyst, said in an interview.Netflix itself predicted in July it would add a total of 7 million subscribers in the third quarter -- 800,000 in the U.S. and 6.2 million elsewhere.Read more: Netflix Investors Are Bracing for Another Disappointing QuarterMany investors may still be smarting from the company’s last quarterly report. Three months ago, Netflix posted disappointing second-quarter subscriber growth -- and a rare drop in the U.S. The shares slumped 10%.“It would be hard for it to be worse” this time, Hargreaves said, though investor concerns will persist as new streaming services increase the risk of higher subscriber churn or marketing costs, according to a note.Rosenblatt Securities predicts the company’s fourth-quarter subscriber guidance will miss Wall Street’s consensus, according to a note from analyst Bernie McTernan. He expects the forecast to “be treated with greater than normal skepticism” given that Netflix is reporting weeks before the launch of competing offerings, such as Disney+.“Netflix has never faced this level of competition from a new entrant,” he wrote.And although Netflix remains the largest short in the film and entertainment sector, “short sellers have been slowly trimming their exposure,” according to financial analytics firm S3 Partners. The streaming service’s short interest totals $6.2 billion with almost 22 million shares shorted and about 1.8 million shares covered since the beginning of August, the firm said.Gerber’s Licouris sees room for both a Netflix and Disney+, but warns that “at some point, it becomes extremely saturated.”On Tuesday, for example, the largest U.S. theater chain, AMC Entertainment Holdings Inc., announced a new service that would give U.S. subscribers online access to nearly 2,000 movies for rent or purchase.See also: Netflix Earnings-Linked Options Lean Bullish in Run-Up to ReportWhat Bloomberg Intelligence Says:Netflix will not only have to exceed its guidance for 7 million subscriber additions but also deliver a healthy 4Q forecast to allay concerns that have dogged the company.-- Geetha Ranganathan, senior media analyst-- Click here for the researchJust the Numbers3Q streaming paid net change estimate (Bloomberg MODL)3Q domestic +798,3603Q international +6 million3Q revenue estimate $5.25 billion (Bloomberg data)3Q GAAP EPS estimate $1.05 (range $1 to $1.23)4Q streaming paid net change estimate (Bloomberg MODL)4Q domestic +1.28 million4Q international +8.04 million4Q revenue estimate $5.51 billion (range $5.40 billion to $5.70 billion)4Q GAAP EPS estimate 82c (range 44c to $1.12)Data31 buys, 10 holds, 4 sells; avg. PT $365.36Implied 1-day share move following earnings: 11.0%Shares rose after 6 of prior 12 earnings announcementsGAAP EPS beat estimates in 9 of past 12 quartersTimingEarnings release expected 4 p.m. (New York time) Oct. 16Conference call websiteFor deep estimates in this story see NFLX US Equity MODL(Adds analyst comment in sixth paragraph and short interest commentary in 14th.)To contact the reporter on this story: Kamaron Leach in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Nick Turner, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bernstein has launched coverage of the telecom, cable and satellite sector with a mostly positive outlook and bullish recommendations on several stocks. The Analyst Bernstein analyst Peter Supino initiated ...