It's worth noting that the USA streaming major had earlier piloted a similar subscription plan in Malaysia and other countries in November a year ago, prior to its India launch. Owing to that, Netflix will be able to invest more in Indian original content such as Sacred Games and Bard of Blood, it added. Still, the company faces challenges.
"As we've improved the variety, diversity and quality of our content slate, member engagement has grown, revenue has increased, and we're able to further fund our content investment", Netflix said in a letter to shareholders.
"In some ways Netflix has defied the naysayers in Q3, coming close enough to guidance and delivering impressive revenue and earnings growth", Macquarie analysts said.
Netflix added 6.3 million subscribers outside the U.S., performing slightly above expectations in Q3FY19.
Netflix argued that the new services would increase interest in the streaming video market broadly. The company will release a new installment of "The Crown" and Martin Scorsese film "The Irishman" during that time.
Extinction Rebellion targets London Underground in protest calling for stronger climate action
A Transport for London staff member attempted to stop commuters from clashing with the man, shouting "don't do it" as they tried to attack him.
Analogue Announces Pocket, the Portable Retro-Gaming Handheld
After rumors of the system's development, Analogue has officially announced a Nintendo Game Boy re-imagining for the modern era. And finally, the Pocket is also compatible with the Analogue Dock, which allows you to output the Pocket onto a TV via HDMI.
Flu jabs: Flu season is approaching
It can also be spread when a person touches surfaces that are infected with the virus (e.g., toys, cell phones, and doorknobs). People also should avoid congregating in public settings when they are ill to minimize the risk of infecting others.
Disney+ is launching in United States and Canada at half the price of a standard Netflix subscription.
Those companies are due to launch streaming products in November. "Retention has not yet fully returned on a sustained basis to pre-price-change levels, which has led to slower US membership growth", it said. Disney+, which is set to launch next month, will only cost $6.99 a month and will feature movies and TV shows from the combined power of Disney and the recently acquired Fox. Netflix added 6.77 million paid subscribers globally, which was slightly better than analysts' estimates.
Still, nine Wall Street brokerages cut their price target on the stock while one previous bull, Macquarie, downgraded its rating to neutral. It's worth noting that global revenue has overtaken USA revenue over the past year; both stood at 1.9 billion in Q3 2018, and now worldwide revenue is $2.7 billion, and U.S. revenue is $2.4 billion. With its debt load already standing at $12 billion and still likely to climb, Netflix probably can't afford to cut its prices without risking bankruptcy, Pachter said.
Netflix is expected to spend about $16 billion in content this year, a number that is expected to grow to $35 billion in 2025, according to Pivotal Research. In the meantime, Netflix will continue to tap the high-yield market as needed, it said.
Bank of America Merrill Lynch analysts said in a note previewing the third quarter earnings that the results would be a "make or break quarter for confidence in Netflix's structural growth".