The 4 big challenges to Netflix’s grand plan for world domination
In January, Netflix made the bombshell announcement that it had expanded to over 130 new countries in a single day, bringing it into every major international market except China.
Since then, the results have been mixed.
At its last quarterly earnings, Netflix reported good international growth results in the first three months of 2016. But the company’s outlook for the second quarter did not go over well with investors. Netflix stock tanked after its forecast for Q2 international-subscriber growth was way below Wall Street targets.
Those numbers will be foremost in Wall Street’s mind going into Netflix’s Q2 earnings.
At its last quarterly earnings, Netflix reported good international growth results in the first three months of 2016. But the company’s outlook for the second quarter did not go over well with investors. Netflix stock tanked after its forecast for Q2 international-subscriber growth was way below Wall Street targets.
Those numbers will be foremost in Wall Street’s mind going into Netflix’s Q2 earnings.
There are a few reasons why Netflix could be having trouble in some international markets. And in a note Wednesday, Jefferies analysts led by John Janedis outlined four potential short-term stumbling blocks in Netflix’s plan for world domination.
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