Netflix Faces a Potentially Make-or-Break Quarter
One of the biggest questions on the minds of Netflix (NASDAQ: NFLX) investors is whether the company can maintain its growth trajectory now that Disney (NYSE: DIS) has so successfully launched its rival streaming service. The House of Mouse announced on the day after its debut that Disney+ had signed up 10 million viewers by the end of its first day of operations. While there's been no official follow-up, some projections placed its subscriber number closer to 25 million to close out 2019.
Shareholders will be keen to see if Disney's success has come at the expense of Netflix when the streaming pioneer reports the results of its 2019 fourth quarter after the market close on Jan. 21. Let's look at what we know so far, and why this quarter will be particularly important for Netflix's future.
Henry Cavill as Geralt of Rivia in a scene from the Netflix original series The Witcher. Image source: Netflix.
Source Fool.com
