Netflix Shares Down As Dvd Subscribers Drop

Netflix shares down as DVD subscribers drop

LOS ANGELES (Reuters) - Netflix Inc reported an increase in third-quarter revenue that beat analyst expectations but said DVD subscriptions would sharply decline in the fourth quarter, sending its shares down sharply.

Senh: What the article doesn't mention is how many Netflix DVD users have dropped their subscriptions since it the price hike in July. That way, you can see how steep the cancellation rate is. Everything should settle down by the next quarter, then we can see what the total damage is.

RELATED ARTICLES
  • Microsoft Develops Set-Top Box
    Microsoft has been developing designs for a simple set-top device for streaming video and other entertainment options. More
  • YouTube launches pay channels with campy flicks
    Roger Corman's campy B movies, children's shows like "Sesame Street" and "Inspector Gadget," and inspirational monologues by celebrities — these are among the 30 channels that will require a paid monthly subscription on YouTube coming soon. More
  • YouTube Said to Be Planning a Subscription Option
    The Web site this week is expected to announce a plan to let some video makers charge a monthly subscription, according to people with knowledge of the plan. More
  • HTC Expects Brighter Second Quarter
    Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
  • Mobile Efforts Help Propel Facebook’s Earnings
    Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
BING NEWS:
  • Reddit Shares Rise on Expectations of Further Revenue, Subscribers Growth
    Shares of Reddit climbed 13% in post-market trading after the social media company guided for higher-than-expected revenue in the second quarter amid a surge in daily active users. The stock recently ...
    05/7/2024 - 11:17 am | View Link
  • Disney’s Entertainment Streaming Business Ekes Out Surprise Profit as Disney+ Core Subscribers Top 117 Million
    Disney's entertainment streaming division, anchored by Disney+, scored its first profitable quarter for the first three months of 2024.
    05/6/2024 - 11:30 pm | View Link
  • Netflix and Starbucks have been highlighted as Zacks Bull and Bear of the Day
    Chicago, IL – May 6, 2024 – Zacks Equity Research shares Netflix NFLX as the Bull of the Day and Starbucks SBUX as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Uber ...
    05/6/2024 - 2:16 am | View Link
  • 85% of Amazon Prime Video Subscribers Are on the Ad-Supported Tier
    Amazon Prime Video, which only began integrating ad-support in January, now has 85% of its user base on its partially advertising-based tier, according to newly published data from Hub Entertainment ...
    05/6/2024 - 1:46 am | View Link
  • Bull of the Day: Netflix (NFLX)
    Netflix NFLX is considered a pioneer in the streaming space, evolving from a small DVD rental provider to a dominant streaming service provider. The stock has enjoyed positive earnings estimate ...
    05/5/2024 - 10:00 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News