trending Market Intelligence /marketintelligence/en/news-insights/trending/5RtrBKP8fIZc4zXVsRAt3w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Analyst expects Netflix Q4'18 domestic net adds to be slightly below consensus

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Strong Competition Remains For Thailand Digital Terrestrial TV Channel

ITU: Regulators discuss impacts of COVID-19 on policymaking


Analyst expects Netflix Q4'18 domestic net adds to be slightly below consensus

SunTrust Robinson Humphrey analyst Matthew Thornton expects Netflix Inc. to report lower-than-expected domestic net additions in the fourth quarter of 2018, Benzinga.com reported.

The research firm's proprietary Netflix subscriber tracker data through November 2018 suggests that Netflix's fourth-quarter domestic total subscriber net adds will come in at 1.43 million to 1.75 million, below the consensus estimate of 1.75 million to 1.8 million, Thornton said in a research report, adding that December's data could close the gap.

In its third-quarter 2018 earnings release, Netflix said it expected 9.4 million global net additions in the fourth quarter, with 1.80 million in the U.S. and 7.60 million internationally.

While he maintained a "buy" rating on Netflix stock, the analyst lowered his price target to $355 from $410 to reflect the revision in subscriber estimates, recent debt raise, lower comparable multiples and higher rates.