Why is Netflix suddenly worth about 5% less than before? Should you buy Netflix stock ahead of the earnings? Should you buy Netflix stock ahead of the earnings report? SimilarWeb’s data did not include a projection on U.S. cancellations but the streaming giant rarely loses ground domestically. Netflix user growth slows as production ramps up again. @2019 - The Wrap News Inc. All Right Reserved. LOGIN, How NBC’s ‘Transplant’ Has Become a Stealth Hit, ©MIGNONNES de Maïmouna Doucouré par Jean-Michel Papazian pour BIEN OU BIEN PRODUCTIONS 2018, Streaming giant had 2.5 million international subscribers drop their service — the fewest number of cancellations since 2017 — SimilarWeb data shows, Netflix’s international cancellations dropped to a three-year low during the third quarter, according to new data shared by SimilarWeb, despite facing stiff criticism in the U.S. for the film “Cuties.”. For example, in the FAANG group, which includes high-flying tech companies Facebook, Apple, Amazon, Netflix, and Google parent Alphabet, only Apple pays dividends. A number of other Twitter users were irate, claiming the movie sexualizes children. In particular, several users pointed out the film’s IMBD parental guide warned a young female’s breast is exposed during “an erotic dance scene.”, The furor continued this month when Netflix was indicted by a grand jury in a Texas county district court over claims the French film promotes “lewd visual material” depicting a child. The company reported more than seven million international accounts were added last quarter, for instance, despite 3.25 million global customers dropping their service during the same quarter. A mixed earnings report, a disappointing new paying customer number and slightly slack guidance appear to be the answer. Netflix doesn’t pay dividends right now. Regardless, today’s earnings report will not move Netflix’s share price too far from its recent, all-time highs. Netflix revealed some viewership numbers in its earnings report. The company may take a ding from its profit miss, but nothing material. eBay is another tech company that pays dividends. The company fell short of analyst estimates on earnings per share and … Join WrapPRO for Exclusive Content, Full Video Access, Premium Events, and More! Also Read: How the Pandemic 'Turbo Charged' Streaming While Customers Paid the Price. This charge is without merit and we stand by the film.”, Also Read: NBCUniversal CEO Jeff Shell Believes Trump Town Hall Is 'Fair' (Exclusive). Netflix is set to report third-quarter earnings on Tuesday afternoon, and despite some near-term concerns, Wall Street remains largely bullish on the streaming platform.. '” The bulk of those subscriber cancellations will come from the U.S. and Canada, Cahall said, because that’s where “Cuties” received the most criticism. For example, the company has been adding a record number of new subscribers in recent quarters. JOIN NOW SIGN IN. Tech reporter • email@example.com • @seanb44, AT&T Stock Up 6% Despite $1.6 Billion COVID-19 Impact at WarnerMedia. The Kominsky Method. Netflix plans to report its third-quarter earnings on Oct. 20 at 4:00 p.m. ET after the closing bell. Wells Fargo analyst Steve Cahall, in a note to clients, slashed his third quarter estimate by 50% to 2.5 million new subscribers, while pointing to the “short-lived but potentially stark churn uptick in September due to controversy around ‘Cuties. It isn't strange that Netflix doesn’t pay a dividend. The street had been looking for $6.58 billion in top line, and just $0.94 in per-share profit, so it’s hard to parse which part of the forecast is driving more investor sentiment. Netflix Debuts Trailer for Star-Studded Musical (Video), Inside Quibi’s $2 Billion Fail – No, It Wasn’t the Pandemic, Escaped Killer Lester Eubanks From Netflix’s ‘Unsolved Mysteries Is Alive, Authorities Say, Fall TV 2020: All the Premiere Dates for New and Returning Shows – So Far (Photos), Why Facebook and Twitter Are in a ‘Better Spot’ Heading Into 2020 Election | PRO Insight, Ratings: ‘The Bachelorette’ Can’t Catch a Break, ‘Slave Play’ Actor James Cusati-Moyer Joins Shonda Rhimes Netflix Series ‘Inventing Anna’ (Exclusive), ‘Virgin River’ Season 2 Gets Premiere Date From Netflix – Here’s Your First Look (Video), Gary Oldman Charms His Way Through 1930s Hollywood in David Fincher’s ‘Mank’ Trailer (Video).