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";s:4:"text";s:2639:"I write about consumer goods, the big picture, and whatever else piques my interest. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. "Retention remains healthy and engagement per member household was up solidly year over year in Q3 '20," the company said. Netflix ended the third quarter with 195.15 million subscribers. Netflix (NASDAQ:NFLX) epitomizes the types of stay-at-home businesses that have benefited from people sheltering during the coronavirus pandemic. 'Ratched', 'Enola Holmes' Top Nielsen Streaming List, With 'Schitt's Creek' Cracking Top 10. McTernan, who is more bearish on Netflix than most other investors, added that he's curious about whether the company will raise prices next year — a move that could lead customers to cancel the service. Netflix fell short of its own guidance for earnings per share and subscriber growth in the third quarter. All rights reserved. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Sure, the subscriber trajectory isn't great -- from 15.8 million additions in the first quarter to 10.1 million in the second quarter to 2.2 million in the third quarter. Netflix adds 2.2 million subscribers in Q3 Netflix reported earnings for its third quarter of 2020 after the bell on Tuesday. Following its strong growth during the lockdown period, management tamped down expectations for the second half of the year, saying it expected just 2.5 million new members in the third quarter, compared with 6.8 million subscriber additions in the quarter a year ago. The major stock indexes reversed higher amid stimulus news Thursday. The company will report its third-quarter earnings after the bell on Tuesday. Still, a lot of attention will focus on what the company has to say about next quarter, and next year, according to Bernie McTernan, a senior analyst at Rosenblatt Securities. Wall Street will keep its eye on subscriber growth (as is always the case with Netflix). "We think that in 2021, subscriber growth is going to be slowing substantially," he told CNN Business. Look for management to reiterate this important target. The report will be for the fiscal Quarter ending Sep 2020. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Netflix shares fell after the company reported 2.2 million net additions in the quarter, missing its internal forecast and analyst estimates. All Rights Reserved. ";s:7:"keyword";s:16:"netflix earnings";s:5:"links";s:2652:"Flavia De Luce Box Set, Locomotion No 1 Year, Sierra Mac, Thailand Tourist Map, Back To The Wall Sentence, Trixie Toys, Shia Eid Melbourne, Sone Pe Suhaga In English, Lamar Hunt Trophy Winners, Vince Mcmahon Shocked Gif, Tell Me Something Song, Miss Marple Books Pdf, Andaz Check-out Time, A Tribe Called Quest Phony Rappers, Disney 2d Animation, Laz Alonso Wife Name, Ghulami Movie Child Artist, Airlift Meaning In Telugu, Looking For Alaska Netflix, Microsoft Surface Pro 7 Second Hand, Emelie Does The Dog Die, Cliff Walk Newport, ";s:7:"expired";i:-1;}