Streaming Media Stocks Tumbled in Premarket Trading, with Roku Falling Nearly 7% and Disney Falling Over 4%

Tiger Newspress2022-04-20

Streaming media stocks tumbled in premarket trading, with Roku falling nearly 7% and Disney falling over 4%.Netflix said in its quarterly letter to investors: "Paid net additions were -0.2m compared against our guidance forecast of 2.5m and 4.0m in the same quarter a year ago. The suspension of our service in Russia and winding-down of all Russian paid memberships resulted in a -0.7m impact on paid net adds; excluding this impact, paid net additions totaled +0.5m. The main challenge for membership growth is continued soft acquisition across all regions. Retention was also slightly lower relative to our guidance forecast, although it remains at a very healthy level (we believe among the best in the industry). Recent price changes are largely tracking in-line with our expectations and remain significantly revenue positive."

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Comments

  • MickeyLiew
    2022-04-20
    MickeyLiew
    Market is so sensitive till one stock can always affect the performance of whole sector [Speechless] 
  • Kiwii
    2022-04-20
    Kiwii
    hallo
  • Tiger1503
    2022-04-20
    Tiger1503
    Got hammer again
  • Taishu1234
    2022-04-20
    Taishu1234
    Hi
  • Tinycub22
    2022-04-20
    Tinycub22
    Oh no poor Netflix
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