|Bid||98.10 x 100|
|Ask||98.45 x 100|
|Day's Range||97.54 - 98.27|
|52 Week Range||90.60 - 116.10|
|PE Ratio (TTM)||17.41|
|Dividend & Yield||1.56 (1.58%)|
|1y Target Est||N/A|
Despite recent price hikes, the streaming giant expects to add over six million subscribers in Q4. It also set a more aggressive 2018 spending budget than anticipated.
Netflix Inc. is planning for life in its post-Disney future, and it will involve more big bets on original films that will cost Netflix even more money.
Netflix delivered another better-than-expected quarter of subscriber gains on Monday afternoon and talked up its strong positioning in the media space -- even as Disney, Apple, and other giants get more serious about streaming original content. Disney recently announced that it would create its own entertainment streaming service in 2019 and pull content off of Netflix’s platform. “Our future largely lies in exclusive original content that drives both excitement around Netflix and enormous viewing satisfaction for our global membership and its wide variety of tastes.” For now, the company’s big-spending ways are paying off, especially overseas.
Investors don’t seem to be paying attention, but between acquiring a majority stake in the highly touted digital media company BAMTech, pulling all its content from Netflix, Inc. (NASDAQ:NFLX), announcing forthcoming ESPN and Disney over-the-top streaming services, and building out its own all-in-one streaming video platform that has the backing of Hollywood’s biggest studios, Disney is well on its way to solving its cable sub churn problem. In fact, Disney is well on its way to turning that headwind into a secular tailwind. Disney is successfully positioning itself to be a dominant player in the rapidly growing streaming-video-on-demand (SVOD) space.
Twitter Inc (NYSE:TWTR) stock is climbing. In fact, TWTR stock now has regained much of the ground lost after an abysmal earnings report in late July. After all, the news surrounding Twitter has not been good — at all.
Disney World is announcing that dogs can now stay at three hotels at the park. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Melody Hahm discuss how this new model will benefit park revenue.
Netflix is scheduled to report third quarter results after the close of trading on Monday. Yahoo Finance's Alexis Christoforous and Myles Udland discuss if the streaming giant live up to all the Wall Street hype and whether the recent price hikes will hurt growth going forward.