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Expand chart
Data: Kantar; Chart: Axios Visuals

Analysts are bullish ahead of Netflix's Q1 earnings Tuesday, but there's no question that the streaming giant will need to rely heavily on subscriber gains abroad in order to maintain its lead in the streaming wars.

Driving the news: The percentage of new streaming subscribers in the U.S. signing up for Netflix has declined since the onset of the pandemic, thanks to increased competition from new streamers, according to data from Kantar.

The big picture:

  • HBO Max's decision to put all of its Warner Bros. films on its streaming service in conjunction with their theatrical debut has boosted new sign-ups.
  • Disney+ hits like "WandaVision" helped the streamer surpass 100 million subscribers earlier this year.

The real question, Bloomberg's Lucas Shaw notes, "is whether this loss of share means interest in Netflix is sagging." New entrants to the streaming battlefield doesn't have to be a loss for Netflix.

What to watch: Analysts will want to know more about how price increases and password-sharing crackdowns have impacted financials and subscriber growth.

Go deeper: Netflix inks major streaming deal with Sony, expanding library

Go deeper

Dion Rabouin, author of Markets
Apr 19, 2021 - Economy & Business

2021's expected earnings blowout begins

JPMorgan CEO Jamie Dimon. Photo: Mark Kauzlarich/Bloomberg via Getty Images

First-quarter earnings so far have been very strong, outpacing even the rosy expectations from Wall Street and that's a trend that's expected to continue for all of 2021. S&P 500 companies are on pace for one of the best quarters of positive earnings surprises on record, according to FactSet.

Why it matters: The results show that not only has the earnings recession ended for U.S. companies, but firms are performing better than expected and the economy may be justifying all the hype.

30 mins ago - Politics & Policy

Republicans’ secret lobbying

Illustration: Shoshana Gordon/Axios

The five Senate Republicans who helped negotiate and draft the $1.2 trillion bipartisan infrastructure bill have been privately courting their Republican colleagues to pass the measure in the House.

Why it matters: House GOP leaders are actively urging their members to oppose the bill. The senators are working to undercut that effort as Monday shapes up as a do-or-die moment for the bipartisan bill.

CBC members nix border visit

A Haitian migrant carries a toddler on his shoulders today as he crosses the Rio Grande River. Photo: Pedro Pardo/AFP via Getty Images

Several members of the Congressional Black Caucus weighed visiting the U.S.-Mexico border this week to investigate the conditions faced by Haitian migrants and protest allegations of inhumane treatment by U.S. agents.

Why it matters: It's a thorny proposition both in terms of timing and messaging. Going assures a new wave of negative headlines for President Biden amid sinking popularity. And with congressional deadlines in the coming days over infrastructure, a possible government shutdown and debt-limit crisis, Democrats can't afford to lose any votes in the House.