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Netflix’s Share Prices Hikes Amid Competition From New Streaming Services

Netflix, an American media-services provider, and production company revealed its Q3 stock earnings. The company reported an 11% spike in their share prices in post-market trading as the international paid subscription has increased to 6.26 million. Wall Street analysts were expecting lesser subscription. Currently, Netflix shares amount to $314.50

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Netflix shares are about 7% year-to-date as reported on Wednesday. However, Netflix estimates to get a total of 7.6 million subscriptions by the end of 2019 Q4. Analysts say the streaming company will face competition from Walt Disney Co’s Disney+ and Apple Inc.’s AAPL. Both Disney+ and AAPL have subscription plans lesser than Netflix

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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