Coinstar's (CSTR) Q4 Results Show Larger Shift to Streaming (NFLX)
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Netflix (Nasdaq: NFLX) is ticking higher early Friday following results from peer Coinstar on Thursday night.
Both operate in the video rental market, with Netflix more on a streaming platform and Coinstar relying on DVD kiosks (for now). Notably, Netflix is drawing in more of that market share, as evidenced by its net subscriber growth last quarter. Aided by smart TVs and tablets, domestic net subs rose 2.05 million in the most recent quarter for Netflix, while international added 1.81 million. Though facing tough comps, Coinstar reported a 4 percent drop last quarter, from a 27 percent gain in Q411.
For more on Netflix's results, click here. Coinstar's fourth-quarter results and guidance can be found here.
Into th open, Coinstar is down 7.8 percent, whle Netflix is up modestly.
Both operate in the video rental market, with Netflix more on a streaming platform and Coinstar relying on DVD kiosks (for now). Notably, Netflix is drawing in more of that market share, as evidenced by its net subscriber growth last quarter. Aided by smart TVs and tablets, domestic net subs rose 2.05 million in the most recent quarter for Netflix, while international added 1.81 million. Though facing tough comps, Coinstar reported a 4 percent drop last quarter, from a 27 percent gain in Q411.
For more on Netflix's results, click here. Coinstar's fourth-quarter results and guidance can be found here.
Into th open, Coinstar is down 7.8 percent, whle Netflix is up modestly.
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