April 19, 2022 | AAPL, Daily JAM, DIS, Jubak Picks, Top 50 Stocks |
Shares of Netflix (NFLX), fell 25.73% today, April 19, in after-hours trading after the company announced first quarter earnings. (In regular trading the shares had gained 3.23%.) The stock was already down 42% for 2022 before today’s after-hours plunge. The bad news: In the first quarter of 2022 Netflix (NFLX) lost 200,000 subscribers. That was a bit short of the company’s guidance for the addition of 2.5 million subscribers for the quarter. And to put a cherry on top of the bad news in the company’s earnings report, Netflix forecast that it would lose another 2 million subscribers in the second quarter of 2022.
February 9, 2022 | Daily JAM, DIS, Jubak Picks, Top 50 Stocks |
So much for fears the Disney (DIS) would follow the disappointing course plotted by Netflix (NFLX) and report disappointing numbers for new subscriptions to its Disney Plus streaming service. For the December quarter, the company’s first quarter of fiscal 2022, Disney Plus added 11.8 million subscribers, easily beating analyst projections for 7.3 million new subscribers.
October 20, 2021 | Daily JAM |
Shares of Netflix (NFLX) were down today, closing 2.17% lower, even through the company reported after the close yesterday that it had added 4.38 million new subscribers. That was well above the company’s own forecast of 3.5 million new subscribers and Wall Street projections of 3.78 million for the third quarter. But the higher than projected number of new subscribers weren’t enough.
March 24, 2021 | Daily JAM, DIS, Top 50 Stocks |
A couple of weeks before Christmas, Disney (DIS) decided that the pandemic coast would be clear enough by May for it to send Black Widow, the next Marvel universe potential blockbuster–to movie theaters in May. Not so far, the company has now decided. With rates of infection rising again across the country, Disney has decided to push the theatrical release of Black Widow, starring Scarlett Johansson, to July.
October 20, 2020 | Daily JAM, NFLX, Stock Alerts |
Netflix (NFLX) shares fell 5.42% in after-hours trading (after closing 1% lower in the regular session) after the company reported additions to paid subscribers the missed estimates and lower guidance for the rest of 2020. Revenue for the company's third quarter was...
July 16, 2020 | Daily JAM, NFLX |
After the close of trading in New York today, July 16, Netflix (NFLX) reported second quarter earnings of $1.59 a share, below the analyst consensus of $1.81. Revenue climbed 25% to $6.1 billion. The company did add 10.1 million customers to its streaming service in...
January 23, 2020 | Daily JAM |
On Tuesday after the close of trading Netflix (NFLX) smashed through fourth quarter projections by adding 8.76 million subscribers globally in the quarter. That easily beat analyst estimates for the quarter of 7.9 million new subscribers. For the quarter earnings came...
December 23, 2019 | Daily JAM, LGF/A, Stock Alerts |
Comcast NBCUniversal and Lions Gate Entertainment (LGF-A) have settled their differences. Comcast (CMCSA) will continue to carry Lions Gate's STARZ and STARZ Encore channels on its Xfinity TV platform nationwide and NBCUniversal’s Peacock streaming service will...
December 2, 2019 | Daily JAM, LGF/A, Stock Alerts |
Amazon (AMZN) Â and Lionsgate (LGF/A) have struck a deal that will put Lionsgate's newest releases on Amazon's streaming platform. The multiyear deal that begins on January 1, 2020, will give Amazon subscribers access to current box-office star Knives Out and...
November 21, 2019 | Daily JAM, DIS |
Netflix (NFLX) customers couldn't log in to their accounts for about two hours on Thursday morning. Downdetector.com recorded more than 1,000 complaints in the first hour. This follow on a much more serious service disruption suffered during the launch of Disney's...
November 13, 2019 | Daily JAM, DIS, Stock Alerts |
The bad news is that 10 million customers tried to sign up for Disney+ on Tuesday, intermittently crashing the website for Disney's (DIS) new streaming service. The good news is that 10 million customers flocked to the newly launched streaming service and by Day Two...
July 19, 2019 | Daily JAM, Stock Alerts |
It's not just the huge miss on subscriber growth that has sent shares of Netflix (NFLX) plunging in the two days since it reported second quarter earnings. The stock fell 10.27%, or $37.23 a share, on July 18 and it was down another 1.87% today as of 2 p.m. New York...
