Good Luck Killing Netflix
Your choices for star-studded premium streaming services have expanded dramatically this month, with Apple (NASDAQ: AAPL) and Disney (NYSE: DIS) launching their buzzworthy platforms, but Netflix (NASDAQ: NFLX) is apparently not missing a beat. Bloomberg is reporting that internal Netflix data shows that defections aren't accelerating despite the arrival of Apple TV+ and Disney+ earlier this month.
Netflix isn't going to be the big winner this quarter. Disney+ topped 10 million subscribers a day after its launch, already ahead of the 7.6 million net additions worldwide that Netflix has been modeling for the entire quarter. However, if Bloomberg's source is on the level -- and there's no reason to believe it's not -- the chances are pretty good that Netflix will be able to meet if not exceed its earlier guidance. This may not seem like a big deal for a company that has historically been conservative with its quarterly projections, but after falling short of its subscriber target in back-to-back reports, the company that started the whole premium streaming revolution could use a victory lap.
Image source: Netflix.
Source Fool.com
