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21.10.26 - 00:06
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Netflix Sales Growth to Decline for Fourth Quarter in a Row (Bloomberg)
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Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth, a projection that may amplify concerns about the performance of the world's leading online TV network. Netflix delivered sales of $12.9 billion in the third quarter, in line with Wall Street's expectations, and forecast sales of $13.4 billion in the year's final three months, falling short of what analysts have predicted. The pace of growth has fallen from 17.6% in the final quarter of last year to a projection of 11.5% for this year's fourth quarter. The company blamed its sales shortfall on the advertising business, which is on pace to deliver $300 million less than the company expected. Bloomberg Tech Host Ed Ludlow joins Bloomberg Businessweek Daily to discuss. He speaks with Alexis Christoforous and Norah Mulinda. (Source: Bloomberg)...
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20.10.26 - 23:42
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Surprising Netflix Is Not Looking at Other Opportunities: Fmr. Content Director (Bloomberg)
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Simon Gallagher, Hanaging Director of SPG Global and a Former Netflix Content-Acquisition Director, says hiring Peter Rice signals a more commercial programming strategy. While niche titles can succeed, Gallagher argues Netflix should lean more toward broadly appealing films and shows to support growth. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)...
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