In addition to issuing soft subscriber growth guidance in his company's Q3 report and shareholder letter (.pdf), Netflix (NFLX) CEO Reed Hastings made waves by admitting competition from Amazon, Hulu, and others is a matter of concern, and predicting HBO (TWX) will launch a streaming-only U.S. service. Also of concern: 1) Netflix's "known" content liabilities total $5B, of which $2.1B are due in the next 12 months. 2) Domestic streaming's contributing margin remains ~1/3 that of the declining DVD business. Shares -16.1% AH.
In addition to issuing soft subscriber growth guidance in his company's Q3 report and...
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