How college kids could impact Netflix's growth
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How college kids could impact Netflix's growth
How college kids could impact Netflix's growth
Netflix (NFLX) reported some mixed results in the first quarter, with its key subscriber growth metric coming in at 1.75 million, far below the 3 million that was anticipated. The streaming giant also gave an updated timeline of its password sharing crackdown, telling U.S. users to expect the update in the second quarter. KeyBanc Managing Director Justin Patterson told Yahoo Finance Live that there would be "a lot of watching" to see how the restriction of password-sharing will pan out. "One nuance that could occur in the U.S. market is just kids coming back from college," he says. "If everybody is in the same household, it doesn't make a heck of a lot of sense to be paying for one extra membership in there," he adds. Patterson explains that because of this timeline, the possible benefits will be "a little more skewed to Q3 or even Q4." You can watch Julie Hyman and Brad Smith's full interview with Justin Patterson here. Key Video Moments: 00:00:43 - Early innings in ad-tech 00:01:11 - College kids impact
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How college kids could impact Netflix's growth
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Netflix (NFLX) reported some mixed results in the first quarter, with its key subscriber growth metric coming in at 1.75 million, far below the 3 million that was anticipated. The streaming giant also gave an updated timeline of its password sharing crackdown, telling U.S. users to expect the update in the second quarter.
KeyBanc Managing Director Justin Patterson told Yahoo Finance Live that there would be "a lot of watching" to see how the restriction of password-sharing will pan out.
"One nuance that could occur in the U.S. market is just kids coming back from college," he says. "If everybody is in the same household, it doesn't make a heck of a lot of sense to be paying for one extra membership in there," he adds.
Patterson explains that because of this timeline, the possible benefits will be "a little more skewed to Q3 or even Q4."
You can watch Julie Hyman and Brad Smith's full interview with Justin Patterson here.
Key Video Moments:
00:00:43 - Early innings in ad-tech
00:01:11 - College kids impact
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