Competitions & Squid Game
$Netflix (NFLX.US)$ Netflix is working its way through to improving its service for members and releasing the best stories globally. In the third quarter of 2021, a strong set of releases, such as new seasons of La Casa de Papel (aka Money Heist), Sex Education, Virgin River, and Never Have I Ever are expected to have fueled subscriber growth. Also, movies including Sweet Girl, Kissing Booth 3, Kate, and Vivo might have attracted new subscribers.
What’s more, higher revenues are expected in the third quarter, as Netflix has become popular in the Asia Pacific (APAC) and Latin America (LATAM) due to its varied content offerings in local languages in such regions. For Q3, Netflix expects global streaming paid net additions of 3.5 million, much above 2.2 million in the prior-year period.
However, Netflix’s results might have been impacted in the to-be-reported quarter on increasing competition from other streaming providers, including HBO Max, Peacock, Apple TV+ by $Apple (AAPL.US)$, Disney+ by $Disney (DIS.US)$ , and $Amazon (AMZN.US)$ prime video.
Notably, the recent release of the South Korean drama “Squid Game” has been the biggest ever launch hit for Netflix. Yet, investors are critical about whether it will enhance the company’s results in the third quarter, or will provide upbeat expectations for the fourth quarter, or both.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
lusy bubb : Squid game brings so much heat to Naifei. Will the stock price rise next?