Only Disney+ Can Stop Netflix Now
There's a lot of anxiety in the Netflix (NASDAQ: NFLX) bull camp as we head into Tuesday afternoon's release of the streaming video pioneer's fourth-quarter results. Netflix has fallen short of its subscriber guidance in consecutive quarters. The stock is now trading lower than it was a year ago, a rare sight for one of the market's hottest stocks over the past almost two decades.
A popular theory is that Netflix is meandering because of new and upcoming streaming services that will eat into its subscriber base. Disney (NYSE: DIS) and Apple (NASDAQ: AAPL) launched new platforms in November. Comcast (NASDAQ: CMCSA) hosted a media event on Thursday to provide more details on its upcoming Peacock service, and AT&T (NYSE: T) is hoping to make its mark when HBO Max rolls out later this year. With domestic growth stalling for Netflix, it's easy to wonder if there are finally too many cooks in the streaming kitchen. But that's not the case. Netflix has only one rival to worry about as it sneaks a peek at the rearview mirror -- and that happens to be the mouse-ears-donning Disney+.
Netflix's "Elite." Image source: Netflix.
Source Fool.com
