$Netflix (NFLX.US)$ is still dominating the streaming market...
$Netflix (NFLX.US)$ is still dominating the streaming market. In the third quarter, Netflix added 4.38 million paid subscribers globally compared with 2.2 million in the year-ago quarter, beating the guidance of 3.5 million paid subscriber addition. Netflix expects to end the fourth quarter with 222.06 million paid subscribers globally, indicating growth of 9% from the year-ago quarter’s reported levels.
$Disney (DIS.US)$ is spending a significant amount on content and marketing to attract subscribers for its Disney+ streaming service. Considering, Disney’s leveraged balance sheet this is a concern for investors. Total borrowings were $54.4 billion as of Oct 2, 2021, compared with $55.8 billion as of Jul 3, 2021.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment