Netflix Earnings Q2 2021 – New York Times

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Netflix Earnings Q2 2021 – New York Times

Cracks appear to dominate Netflix globally.

According to Parrot Analytics research, Netflix is ​​still the king of streaming video, but audiences are slowly moving toward new competitors, the Walt Disney Company’s Disney +.

Part of Netflix is ​​attracting worldwide interest. A measure of the popularity of his parrot-created shows and an important barometer of how many new subscribers a streaming service can attract – it dropped below 50% for the first time in the second quarter .

“The company’s new hit is the lack of original programming and increasing competition from other streamers that will ultimately have a negative impact on customer growth and retention,” Perrett said in a news release.

Netflix relies on making as many different shows and movies as possible for as many different audiences as possible, and epidemics have upset this formula, forcing production to shut down worldwide.

The company will announce its second-quarter financial results on Tuesday afternoon and has already told investors not to expect too much. It set a surprisingly low quarter for the quarter when it told Wall Street it expected its existing 207 million subscribers to add one million new subscribers, a slight increase. (It’s worth noting that low expectations are easy to beat, and beating expectations with hair can boost a company’s stock.)

Disney + more than doubled its demand in the second quarter compared to a year ago, and according to Parrot, Amazon Prime Video, Apple TV + and HBO Max are also benefiting.

Even as new entrants end Netflix’s long-held grip, Netflix’s co-chief executive, Red Hastings, has ruled out competing for the Netflix throne. In April, when Mr Hastings was asked by investors why the company had lost its expectations to add new customers in the first quarter, he said, “Of course we’re surprised. “Okay, wait a second, aren’t we sure there’s competition?”

He added, “We’re really looking at all the data, looking at different areas where new competitors are launching, not launching.” “And we can’t see any difference in our relative growth in these areas alone, that’s why we have confidence.”

“We’ve been competing with Amazon Prime for 13 years, with Hulu for 14 years,” he added. “It’s always been competitive with linear TV. So there’s no real change we can find in a competitive environment. It’s always been high and it’s high.

In other words: If Disney + is bothering us, we haven’t seen it.

The argument that Netflix has been competing with regular television and other streamers for a long time ignores the fact that new competitors such as Disney + and Apple TV + are Netflix (and subscription televisions). Are much cheaper than And although these services are far less original than Netflix, they seem to be pushing for more.

In the second quarter, Disney + saw a strong boost in demand interest from “Falcon and the Winter Soldier”, a series based on the Marvel Cinematic Universe, which has dominated the box office in recent years. According to the parrot, “Loki” was also helped by another Marvel spin-off.

With the release of the adult animated superhero series “Unconquerable,” Amazon Prime Video has been gaining momentum. And Apple TV + attracted new customers to all three of its origins: “Mosquito Coast,” a drama based on the 1981 novel. “All Man Hound,” a sci-fi series, and “Superstition Quest,” a comedy series at Game Developer Studios

Speaking of which, Netflix said earlier this month that it intends to jump into video games. He hired Mike Verdo, a gaming executive to oversee the development of new games, having previously hired former Electronic Arts and Facebook. This is a potentially important step for the company, which has not deviated from its formula for television series and movies.

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