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Netflix reports its third quarter results in just a few short weeks, and at least one industry analyst believes that the company will need to drop its year-end new domestic subscriber growth by up to 1.5 million.

Wedbush Securities analyst says that Netflix has been placed in a vulnerable position by the ever-increasing strength of its competitors such as Amazon Prime Instant Video.
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Said Pachter:

“We expect Netflix shares to again trend down after the company reports Q3 earnings, as we believe investors will again be disappointed in second-half domestic subscriber additions, given unrealistic guidance and increasing competition,”

Pachter also thinks that Amazon’s recent acquisition of a large amount of Epix content signals its intent to launch a standalone video-on-demand service that will directly compete with Netflix.

What do you think, Insiders? Will Netflix’s cutthroat competition steal away more of its subscribers than the company anticipates?
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[via Home Media Magazine]

3 Responses to “Netflix to Lower New Subscriber Forecast?”

  1. Visitor [Join Now]
    DanoFive0 [visitor]

    I will keep Netflix. THey have over 2500 Movies and TV shows with CC Closed Caption on them online. And getting more all the time. Amazon has Zip zero online with CC….
    And NetFlix at 8 bucks a month. Works for me!

  2. Member [Join Now]
    Shemp Howard [shemp-howard]

    What do you think, Insiders? Will Netflix’s cutthroat competition steal away more of its subscribers than the company anticipates?

    More like “unrealistic guidance”. ;)

  3. Visitor [Join Now]
    DanoFive0 [visitor]

    You watch. In the next few years. NetFlix will have a ton of new people. The Hard of hearing will come. AS Netflix will have CC on about everything. Yes the Cost may go up a bit. And I will pay it..
    Just waite until the Hard of hearing find out about this..
    They will come running..