We have updated our Netlfix Q3 net subscriber additions to account for end of month demand. Using Google Trends historical search data of every Netflix Original relative to its most popular show of all-time, 13 Reasons Why, we now estimate Netflix will add 5.15 million subscribers in Q3 2017 versus our previous estimate of 5.3 million subscribers. Prior to the T-Mobile announcement partnership announcement we had expected Q3 Netflix net subscriber additions to be 4 million, short of its Q3 guidance of 4.4 million net subscriber additions. The following recaps the foundation of our proprietary multiple linear regression forecast model: Systematically categorizing and […]
Daily Archives: Monday, October 2, 2017 5:02pm
2 posts
We look at Baidu’s VIE corporate structure and attempt to quantify the takeover, bankruptcy and dividend risks to holder’s of BIDU on the NASDAQ. In this paper we attempt to quantify a reasonable discount to BIDU-NASDAQ given that, similar to other Chinese internet companies, it is essentially a shell company with much of its revenues being indirect. For some background, PRC laws and regulations restrict foreign investment in the internet, value-added telecommunication-based online advertising, online audio and video services and mobile application distribution businesses. In order to bypass these restrictions, Chinese companies in these industries, including Baidu and Alibaba, have adopted a mechanism called […]