Netflix reported net income of $133.9 million, or 30 cents a share, on sales of $4.19 billion, after recording earnings of 41 cents a share on sales of $3.29 billion a year ago. Analysts on average expected earnings of 24 cents a share on sales of $4.21 billion, according to FactSet. Netflix forecast for earnings of 23 cents a share on sales of $4.2 billion
Netflix Inc. has an ever-evolving view of its competitive landscape, and the current approach treats the popular online videogame “Fortnite” as more of a rival than HBO
Chinese Internet giant Tencent is a major investor in Epic Games, developer of the smash hit Fortnite. The Chinese Internet giant holds a big stake in the game's publisher