netflix earnings 2020

Netflix is expected to report $1.84/share on $6.07 billion in revenue. Good afternoon and welcome to the Netflix Q2 2020 Earnings Interview. That estimate, along with its projection of $6.3 billion in Q3 revenue, fell short of Wall Street’s expectations.

Sign up for free newsletters and get more CNBC delivered to your inbox. Netflix demolished growth targets in Q1 with 15.8 million subscriber additions, nearly doubling Wall Street's estimates, Visit Business Insider's homepage for more stories, Visits to Netflix's US sign-up page surged year-over-year during March, Daily-active users on the Netflix mobile app spiked in March, The pace of US churn, or subscription cancellations, at Netflix fell in both February and March, How Netflix usage changed in 14 countries in March, according to exclusive app-tracking data, Exclusive data suggests Netflix was hurt by the launch of Disney Plus, but has rebounded in recent weeks, The winners and losers among 11 Disney businesses, as analysts slash the projected value of the media giant's parks and raise expectations for Disney Plus, 40 advertising execs who manage $90 billion in spending describe how they're shifting their 2020 budgets in a new report. Ahead of the earnings announcement, third-party data suggested Netflix's viewership was surging during the first quarter, as people spent more time at home. Not only were competitors offering better content of late, Martin said, but internal data showed ad-supported streaming picked up steam during Q3, indicating Netflix may suffer from overall “SVOD fatigue” in Q3.

Netflix said it's expecting a "modest" impact on its release slate for the second quarter, mostly related to language dubbing. Netflix has confirmed that its next quarterly earnings report will be published on Tuesday, October 20th, 2020. Here are 4 key takeaways for the TV industry, The key factors analysts are watching at 5 major media companies including Disney and Fox to help determine whether their stock will keep falling or rebound, Why analysts say Disney and Discovery are the media giants most threatened by the coronavirus, but Comcast could fare better, L'action Netflix décolle à Wall Street grâce aux 7 millions d'abonnés recrutés par le service de streaming au 3e trimestre, Netflix torpille les attentes de Wall Street avec ses résultats du T3, Comment Netflix dépense des millions pour triompher aux Oscars, Netflix a gagné des abonnés pendant le confinement mais déçoit Wall Street, Ces 4 acteurs ont gagné des millions en jouant dans des films Netflix, Netflix devrait lancer une offre moins chère avec des pubs estime une analyste de Wall Street, Netflix crée sa propre police de caractères pour économiser des 'millions de dollars' par an, Netflix a payé seulement un demi-million d'euros d'impôts en France en 2019, Netflix dépasse toutes les attentes avec 5 millions de nouveaux abonnés et atteint des sommets en bourse, Les initiatives de cinémas drive-in se multiplient en France mais ne font pas que des heureux, La saison 3 de 'Stranger Things' est encore loin de battre Adam Sandler sur Netflix, malgré ses 64 millions de vues en un mois, 'Men in Black : International' enregistre le pire démarrage de l'histoire de la franchise, 'Men in Black', 'X-Men'... 8 suites de films qui ont fait un flop au box office cette année, Le palmarès complet des Golden Globes 2020, dominé par "Once Upon a Time in Hollywood" et les séries HBO, Made in France : 9 exemples pour ne plus vous faire avoir par les emballages de produits alimentaires en supermarché, Amazon surpasse les attentes de Wall Street, Les geeks prennent le pouvoir à Wall Street, Le patron de Netflix Reed Hastings nous a parlé de sa dernière série Netflix préférée, Les 26 séries qui ont été annulées par Netflix, L'incroyable batterie de l'Energizer Power Max K18 Pop, un smartphone made in France qui peut tenir un mois et demi sans recharge. Joining me today are co-CEOs, Reed Hastings and Ted Sarandos; COO, Greg Peters; and CFO Spence Neumann. We want to hear from you.

A Division of NBCUniversal. Growth may slow after a stellar first half of 2020. ... Strong Buy Stocks for October, 2020.

Heading into its Q3 report next Tuesday, Netflix sits at 192.9 million subscribers overall. The Whisper number is the Street's unofficial view on earnings. Martin also pointed to data from Reelgood that showed a 22% dip in Netflix shows being started from Q2 to Q3. The company said in the release that it is seeing a temporary rise in viewership as well as subscriber growth. If Netflix can top its subscriber projection next week, all will likely be forgiven and the stock could continue its upward march towards $600. The Bank of America analysts have a $575 price target on Netflix, but said there are a few other reasons to be wary about Netflix’s Q3; the return of live sports eating into hours spent streaming, and a 23% dip in quarter-over-quarter app downloads were chief among them. Netflix posted revenue of $5.8 billion for the first quarter, which slightly surpassed analyst expectations. Netflix has generated $4.13 earnings per share over the last year and currently has a price-to-earnings ratio of 91.0. On top of that, Netflix benefits from a low churn rate that keeps its revenue haul stable. Tech reporter • sean.burch@thewrap.com • @seanb44, All the TV Shows That Were Canceled Due to COVID-19 (Photos), Kathleen Turner Upped to Series Regular for ‘Kominsky Method’ Final Season, Ava DuVernay to Direct ‘Caste’ Based on Isabel Wilkerson’s Book on Systemic Racism, CBS’ Tuesday Night Football Ratings Double Clare Crawley’s ‘The Bachelorette’ Debut, Ludacris Animated Musical Series ‘Karma’s World’ Ordered at Netflix, Shawn Mendes Documentary ‘In Wonder’ to Rock Netflix in November, Ratings: ‘Big Brother’ Can’t Save CBS From Soft ‘One Day at a Time’ Broadcast Premiere, Princess Diana’s Fairy Tale Begins and Quickly Unravels in ‘The Crown’ Season 4 Teaser (Video), Why Spotify Won’t Drop Joe Rogan Despite Employee Backlash, ‘The Haunting of Bly Manor': Victoria Pedretti, Oliver Jackson-Cohen and Kate Siegel on Season 3 Plans. Shares of Netflix spiked briefly during after hours trading, and then were flat, on the report. Netflix has been a bright spot in the media sector in recent weeks, as social-distancing practices threaten other media operations like theme parks, theatrical releases, and TV and film productions.

In this photo illustration the Netflix logo is seen displayed on a smartphone. Nearly all TV and film production has been halted globally. Get this delivered to your inbox, and more info about our products and services. Exploring Netflix (NFLX) ... Ben Rains dives into the broader market as the third quarter earnings season starts to heat up. More than half of Netflix's revenue during the period came from outside the US and Canada. The streaming company added 15.77 million paid subscribers globally, compared with the 7 million additions it forecasted, Netflix announced on Tuesday. The Pandemic Broke Disney: Can Streaming Fix It? Netflix added more than double its target for subscriber growth during its first quarter and demolished Wall Street's expectations for the period. Netflix has been cruising since the start of the year, but these factors could provide at least a temporary speed bump for the streaming giant.

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