Netflix has moved their earnings call from the 23rd to the 18th, and Davis suspects something is up. Given their new director of Internet TV, one possibility is that Netflix will acquire Roku to jumpstart a media extender business. Or perhaps there’s been an offer to buy Netflix. We suppose it’s also possible, though unlikely, that Netflix has some bad news to share. Or maybe there’s nothing significant here at all.
So what’s going on? You’ve got about 8 hours to get your vote in.
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Probably nothing, maybe a partnership with Roku or some other HW vendor.
Looks like nothing but a bit of bad news: "Netflix said it expected second-quarter profit of 18 cents to 24 cents per share. Analysts on average were expecting 29 cents, according to Reuters Estimates."
I can't believe Netflix made me wake up early this morning just to hear them report weak results. On the call, they didn't even reference why they had to reschedule the call, but the only real piece of news that leaked out was that they authorized a $100 million stock buyback, but doesn't seem like a good reason to reschedule the call. So much for my dreams of a living room partnership announcement. Reed Hastings even went as far as to distance himself from the chatter that Netflix might hook up with the Xbox 360.