Netflix beats Q4 earnings estimates, reporting revenue of $3.29 billion and an additional 8 million subscribers. Jeff Reeves, analyst and executive editor at InvestorPlace.com, and Tuna Amobi, media and entertainment analyst at CFRA Research, join The Long and The Short to discuss future challenges facing Netflix.
Contrary to what Wall Street thought, Netflix isn't burning through a lot of cash. Reeves says this proves Netflix's decision to raise prices was worth it. However, he predicts that it may continue to raise prices to have that extra cash cushion. Disney's new streaming network could be a big challenge for Netflix. However, Amobi doesn't think Netflix needs to worry about Disney for a while. While there is no question that competition is coming, Amobi doesn't predict Netflix will lose market share anytime soon.
Plus, in 2017 the average streaming hours per membership grew by 9% year-over-year. Amobi and Reeves discuss the company's future marketing plan and how it will capitalize off international growth.
It might feel like the artificial intelligence train has left the station, but there are still opportunities to get in before the boom gets even bigger.
Nevada’s Supreme Court upheld the state’s ban on ghost guns Thursday, overturning a lower court’s ruling that had sided with a gun manufacturer’s argument the 2021 law regulating firearm parts with no serial numbers was unconstitutionally vague.
