|Bid||0.0000 x 4000|
|Ask||0.0000 x 800|
|Day's Range||1.3500 - 1.4300|
|52 Week Range||1.1400 - 11.3500|
|Beta (3Y Monthly)||-0.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Eros International (NYSE: EROS) reported first-quarter earnings of 2 cents per share, which missed the analyst consensus estimate of 12 cents by 76.67%. The company reported quarterly sales of $43.5 million, which missed the analyst consensus estimate of $66.74 million by 34.82%. The hard work and investment we have made in the Eros Now platform continues to pay off,” the company said in statement.
Eros International (NYSE: EROS ) announces its next round of earnings this Tuesday, October 8. Here is Benzinga's everything-that-matters guide for the Q1 earnings announcement. Earnings and Revenue Based ...
Streaming news for Tuesday includes a deal that has Eros Now stock on the rise.Source: Shutterstock Eros International (NYSE:EROS) has signed a deal with OnePlus that will have its content appearing on OnePlus TV in India. The company does not reveal the financial details of the deal that brings Eros Now content to OnePlus TV.What this means for customers is that they now have easy access to content from Eros Now. They will be able to use the interface found on OnePlus TV sets to search through a catalog of films and shows from Eros Now. It will also allow OnePlus TV customers to view the content in HD and 4K. This does require a TV with these resolutions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe streaming news comes as Eros International looks to break into the over the internet (OTT) avenue of content delivery. This has been growing more lately as customers continue to cut cords and skip out on traditional methods, such as cable and satellite. * 7 Best Tech Stocks to Buy Right Now "Today we are at a cusp of a revolution in India and are excited to partner with Eros Now for our upcoming OnePlus TV," Vikas Agarwal, General Manager for OnePlus India, says in a statement. "We envisage this as a forward-thinking partnership which will emerge as the next big deal amidst the entertainment and advanced tech and telecom industry."EROS stock was up 7% as of Tuesday afternoon. However, the stock is down 79% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For As of this writing, William White did not hold a position in any of the aforementioned securities.The post Streaming News: Eros Now Stock Soars on OnePlus TV Deal appeared first on InvestorPlace.
(Bloomberg) -- Netflix Inc., whose shares plunged after it reported the worst drop in U.S. users since 2011, is looking for new subscriber growth in India, a rapidly expanding streaming market. Trouble is, so are a raft of ambitious local players with cut-rate programming packages.Already wrestling with global giants such as Walt Disney Co. and Amazon.com Inc., Netflix now also contends with broadcasters and Bollywood powerhouses allied with billionaire-backed wireless carriers, who are luring users with free offers or as low as 40 cents a month. That tactic has put them directly in the India growth path of the world’s largest paid online streaming service.The intense competition could derail Chief Executive Officer Reed Hastings’s goal of 100 million customers in India -- almost 25 times Netflix’s estimated subscriber base there this year. The world’s second-most populous country is a priority for the streaming service, which is effectively blocked in China. The second-quarter loss of 130,000 users in the U.S., reported Wednesday, makes winning in India all the more pressing.Netflix shares fell 10%, the most in three years, to close at $325.21 in New York trading Thursday. That knocked about $16.3 billion off its market value.With a growing number of smartphones and a surge in the use of broadband, India has become a battleground for streaming services. Cisco Systems Inc. has estimated the country will have 829 million smartphone users by 2022, from a projected half a billion this year.“We are seeing a nice, steady increase in engagement with Indian viewers that we think we can build on,” Netflix Chief Content Officer Ted Sarandos said on a call with analysts Wednesday. “Growth in that country is a marathon. We’re in it for the long haul.”India’s video-on-demand market could grow to $5 billion by 2023 from $500 million last year, estimates researcher Boston Consulting Group. Paying subscribers will probably rise to as many as 50 million, while users of advertising-supported video-on-demand will reach 600 million, BCG predicts.Netflix has amassed more than 150 million subscribers worldwide, giving it the largest paid customer base. The U.S., Brazil and Canada are three of its largest markets, while Australia is the company’s biggest success story in the Asia-Pacific region. India differs from most of these markets, however, in its population’s sensitivity to price.The Los Gatos, California-based firm has responded to competition in India by offering a mobile-only service at less than half the typical subscription price, and by raising spending on local content faster than in any other market.While it’s still lagging behind Amazon Prime and Disney’s Hotstar, the price cuts are helping it outpace the growth of its biggest rivals, while raising questions about sustainability and margins. Hotstar built its base by streaming cricket matches that are wildly popular in the former British colony.Netflix will probably almost triple subscribers in India this year to 4.1 million, within striking distance of Amazon Prime’s 4.4 million, according to estimates by researcher IHS Markit. That’s faster than Amazon or Hotstar Premium, two of Netflix’s biggest competitors. Some other estimates put Netflix’s base in India at between 1 million and 2 million. The company doesn’t provide data for individual markets.“Netflix is in a land grab to capture as many subscribers as possible, whatever the price,” said Michael Pachter, a managing director at Wedbush Securities Inc. “The less they charge, the more cash they are likely to burn.”The company spooked investors Wednesday with a report that it lost subscribers in the U.S. and signed up only 2.8 million internationally in the three months ended June, roughly half its own prediction.It also reported its 20th quarter of negative free cash flow as it spends on adding content and replacing series and films being pulled from its platforms by competitors like Disney.While Netflix is speeding up its investment, Indian rivals including Zee Entertainment Enterprises Ltd. and Balaji Telefilms Ltd. are betting on bundling their content with mobile phone services. The TV network and Bollywood producer are allying with billionaire Mukesh Ambani’s Jio wireless service and Bharti Airtel Ltd., two of the country’s three biggest carriers, to offer decades of content to subscribers.Free AccessZee, parent of the country’s largest private broadcast network, offers movies, exclusive TV content and more than 90 live channels on its ZEE5 platform with content across 12 languages for as little as 70 cents a month. Partial access to the platform is free to subscribers of mobile phone carrier Bharti Airtel, controlled by billionaire Sunil Mittal. Users of Airtel’s plans priced at $7.25-a-month or more get full access to ZEE5 free.Ambani’s Reliance Jio Infocomm Ltd., which elbowed its way into the country’s mobile phone business three years ago with free calling and low-priced data services, has jumped into film and TV streaming, including a tie-up with Balaji Telefilms.Sunil Lulla, chief executive officer of Balaji Telefilms, said the company’s service ALTBalaji is focused on producing exclusive content in Hindi, the country’s most-used language.Other local entrants in India’s OTT, or “over-the-top,” market include Disney’s Hulu, Sony Corp.’s Sony LIV, Network 18 Media & Investments Ltd.’s Voot and Bollywood filmmaker Eros International Plc.’s Eros Now. *Mobile-only subscriptionSource: Counterpoint Technology Market ResearchNetflix’s global rival Amazon is also counting on India for growth and is prepared to take time to draw users.“We have a very long-term view for India, with a billion film-crazy people,” said Gaurav Gandhi, director and head of business for Amazon Prime Video, India. “In the next four to five years, there will be more screens connected to the internet and we are looking at distributing across all platforms with personalized and quality video content at affordable prices.”Pricing will also be crucial for Netflix. After introducing a promotional offer of about $3.65 a month for mobile-only users, Netflix decided to make the lower price permanent as “an opportunity to broaden access to the service,” Greg Peters, chief product officer, said Wednesday.Torrent Downloads“Pricing is going to be the biggest challenge,” said Hanish Bhatia, senior analyst at Counterpoint. “Indian users have not accepted the idea of paying for content yet. Two to three years back, everybody relied on torrent,” the free protocol that lets users share and download films and TV shows without paying for them, Bhatia said.Netflix didn’t disclose how much it’s spending on local content in India. It did announce the addition of five series, two of which are being produced by superstars Shah Rukh Khan and Anushka Sharma.“Netflix wants to have one big original, almost like a new Bollywood movie, coming out every month,” said Mihir Shah, vice president (India) at Media Partners Asia, a consulting firm. “In India, people pay for Bollywood. Netflix is hoping that if people are willing to pay $10 to watch a movie together as a family, they will also subscribe.”(Adds names of more local rivals in 19th paragraph)To contact the reporters on this story: P R Sanjai in Mumbai at email@example.com;Lucas Shaw in Los Angeles at firstname.lastname@example.org;Sheryl Tian Tong Lee in Hong Kong at email@example.comTo contact the editors responsible for this story: Sam Nagarajan at firstname.lastname@example.org, ;Nick Turner at email@example.com, Dave McCombs, Jodi SchneiderFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Eros has been placing its bets on its digital streaming unit, Eros Now, to gain market share, especially in India, where it rivals Star India's streaming platform Hotstar, Netflix Inc and Amazon Prime. Eros International's operating loss was $4.4 million in the quarter ended March 31, compared with a profit of $20.3 million last year. Revenue from India fell 1.6% to $24.6 million in the quarter, the company said.
Eros International (NYSE: EROS ) announces its next round of earnings Monday, July 15. Here is Benzinga's everything-that-matters guide for this Monday's fourth-quarter earnings announcement. Earnings ...
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Moody's Investors Service ("Moody's") has today withdrawn the B2 corporate family rating of Eros International Plc. At the time of withdrawal the outlook was negative. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. Eros International Plc is the holding company of the Eros Group.
Moody's Investors Service has downgraded the Corporate Family Rating for Eros International Plc (Eros Plc) to B2 from B1. "The rating downgrade reflects Eros Plc's strained liquidity profile, which led to delays in servicing the bank loans of its Indian subsidiary, Eros International Media India Limited," says Nidhi Dhruv, a Moody's Vice President and Senior Analyst.
Indian film and entertainment group Eros International has taken steps to resolve delays in loan payments, Chief Executive Kishore Lulla said, as he also dismissed a short seller's allegations of accounting irregularities at the group. The company's New York-listed shares plunged more than 55% last week, and those of its Indian subsidiary Eros International Media Ltd sunk more than 30%, after an Indian rating agency categorized debt of Eros's Indian subsidiary at "default" levels due to delays in loan payments. "All the steps have been taken to rectify the issues (around delayed loan payments)," Lulla said in a telephone interview on Sunday, adding the company has no big bond payments either that come due in the short term.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 15 S&P 500 stocks among hedge funds at […]
Moody's Investors Service has assigned a corporate family rating of B1 to Eros International Plc ("Eros Plc"). Eros Plc's B1 rating reflects the company's leading position in the Indian film industry, with an unparalleled content library, consisting of multi-format rights to over 3,000 films and over 12,000 digital rights. The rating also accommodates Eros Plc's very small scale (revenues of around $300 million) compared to global peers, strained cash flow metrics resulting from an ongoing need to invest in content, moderate liquidity profile as well as its complex group structure.
The Secaucus, New Jersey-based company said it had net income of 13 cents per share. The Indian film producer posted revenue of $76.7 million in the period. Eros shares have risen 19 percent since the ...
Dec 13 (Reuters) - Eros International PLC: * EROS NOW EXPANDS ITS PRESENCE IN INDONESIA THROUGH PARTNERSHIP WITH XL HOME OF XL AXIATA * EROS - MONTHLY SUBSCRIPTION RATE OF IDR 26,000 AND AN ANNUAL SUBSCRIPTION ...