Piper Jaffray analyst Michael Olson says the combination of his firm's revamped "Netflix Navigator" search index and YouTube trailer analysis point to Netflix Q3 subscriber additions that are in-line for domestic and potentially above plan for international. The analyst's preliminary search index analysis suggests Q3 domestic subscriber growth of 6.4% year-over-year, versus the consensus estimate of 6.9%, and international growth in the range of 33%-35%, versus the consensus at 32.6%. Further, the number of U.S. YouTube trailer views for "major" Netflix originals is up 10% quarter-over-quarter from Q2 in the first two months of the quarter, signaling a more engaging content slate, Olson tells investors in a research note. He expects Netflix will continue to capture a significant portion of traditional content dollars despite an "onslaught of new streaming services currently casting a cloud of concern." Olson reiterates an Overweight rating on Netflix shares with a $440 price target.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here