Brian Belski, BMO Capital Markets Chief Investment Strategist, discusses the consolidation of streaming companies and his bullish case for Netflix. You can see the full interview here. Key video highlights 00:17 On the case for consolidation 00:30 On the winner of streaming 00:47 On Disney's potential 01:05 On the expense of content.
Fresh financials, a big theatrical release, and enhancing a celebration of its theme parks will make February stand out.
2022 was a wake-up call for Netflix (NASDAQ: NFLX) shareholders, as the entertainment innovator got off to a rocky start, losing 1.2 million customers in the first six months of the year. Netflix's 7.7 million customer additions exceeded not only management's internal forecast of 4.5 million but Wall Street's expectation of just under 4.6 million. In the U.S. and Canada, otherwise known as the UCAN region, Netflix added 910,000 new members during the three-month period, the most in any single quarter in the region since Q4 2021.