Netflix (NFLX) is expected to report earnings on 17.01.2019 after market close – Is it a must-watch?
Here are 4 fun facts ahead Q4:
#1. Netflix announced Tuesday that it is raising U.S. prices by 13% to 18% for new and existing customers. That’s the most substantial increase in its history. Following the announcement, the company’s stock shot up more than 6%.
#2. Netflix outperforms Apple, Google, and Facebook in 2018. The streaming giant could face tough competition in 2019 from the likes of Hulu, Amazon, HBO, and Disney. It will be interesting to see if Netflix can remain the king of streaming, as competition continues to heat up.
#3. Netflix earnings continue to climb, topping $403M of net income for the 3rd quarter of 2018. When compared to the 3rd quarter in 2017, this is a mammoth increase of 210.85%. This trend of increased growth and net income has continued steadily since 2016.
#4. Bird Box becomes one of the most popular films in the history of Netflix original content. Sandra Bullock and John Malkovich star in this epic tale of… well, we haven’t seen it yet. We were too busy trading. But when the markets close, it will be at the top of our list.