Netflix Inc Confident While Preparing Current Quarter Earnings
April 16, 2019 | Tuesday
The online streaming company, Netflix Inc have been on the verge to scatter its market share among two other rising competitions - Apple TV+ and Disney+. Despite that, the company is ready on queries regarding its effect on the business.
At the end of 2018, Netflix had around 139 million paying subscribers. Apple and Disney Co. then launched their versions of online television streaming. As of now, Netflix is to prove its dominance and to continue its growing subscriber base. The challenge now is if its existing customers are to shift towards the two giant companies.
In the past, the Chief Executive of Netflix, Reed Hasting once said that HBO online streaming could be the company's greatest competition. That to change the hamstring of the game. Within the company's letter to its shareholders during the holiday quarter, it said, “We compete with (and lose to) Fortnite more than HBO." Netflix points out that its focus isn't on Disney+ or others, rather improve its "experience" for their subscribers.
Explaining further, current streaming companies, as well as the upcoming offering of Disney and Apple are minor bumps on Netflix's radar. The company aims to win a share of customer screen time coming from mixed entertainment sources. As of now, Netflix challenges its own in maintaining an incredible growth rate and not losing its present subscribers to the upcoming rivals.
Netflix stock (NFLX) moves little by little as subscribers numbers also incline. Following the March-quarter in 2018, it gained about 9 percent. Now, executives estimate about 8.9 million addition during the first quarter. Further information will be shared upon the report of earnings are revealed by the company.
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