Netflix Inc. (NFLX)

[winston]

vested

Netflix shares plunge more than 30% after massive subscriber loss

Losing 200,000 customers in the first quarter, the first time it has shed subscribers since 2011.

It also projected it will shrink by another 2 million customers in the second quarter.

It will introduce a cheaper, advertising-supported option for subscribers in the next couple years and will start to crack down on people sharing their passwords.

Source: Bloomberg

https://www.businesstimes.com.sg/consum ... riber-loss

[winston]

vested

Netflix Stock Plummets, Shedding $50 Billion in Value, As Viewer Exodus Prompts Ad Strategy Re-Think

by MARTIN BACCARDAX

Losing 200,000 global subscribers over the three months ending in March, significantly missing the Street consensus forecast of a 2.5 million gain and taking the overall total down to 221.64 million.

Around 700k are in Russia but the bulk of the exodus was put down to rising prices, increasing competition and password sharing (100m).

The group's first quarter earnings at $3.53 per share versus Street consensus forecast of $2.89 per share and group revenues that were 10% higher than last year, at $7.87 billion, and just behind analysts' estimates of a $7.93 billion tally.

Expects to be free-cash flow positive for the 2022 year and beyond, with first quarter free cash flow rising 15.9% to $802 million.

Source: The Street

https://www.thestreet.com/markets/netfl ... 2BRe-Think

[winston]

vested

Netflix Stock Plunge: Buy the Dip or Steer Clear After Earnings Wreck?

BRET KENWELL

Bulls have to be aware of the potential for it to test down into the $200 level and the 50-quarter moving average (green line). That comes into play near $188.

The 200-month moving average, but that’s still a long ways off at $140.

Source: The Street

https://www.thestreet.com/investing/buy ... gs%2BWreck?

[winston]

vested

End of an era as Netflix faces stagnation challenges

The company anticipates a much larger drop in its second quarter — of around two million net subscribers.

Source: AFP

https://www.freemalaysiatoday.com/categ ... -366156373

[winston]

vested

Maybe Netflix's Problem is Its Shows, Not Password Sharing

Maybe the streaming giant has focused too much on quantity and not quality.

by MICHAEL TEDDER

Eeleased 129 different original titles in both the third and fourth quarter of last year
and since the second quarter of 2019, it usually drops at least 100 titles a quarter,

Netflix spent $17 billion on content last year, and is expected to spend about $19 billion this year.

Source: The Street

https://www.thestreet.com/investing/net ... %2BSharing

[behappyalways]

Netflix Monkeyhammered 20% Lower On Catastrophic Earnings, Sees Loss Of 2 Million Subs In Q2
https://www.zerohedge.com/markets/netfl ... on-subs-q2

[behappyalways]

Bill Ackman Dumps Entire Netflix Stake, Loses $430 Million In 4 Months
https://www.zerohedge.com/markets/bill- ... n-4-months

[winston]

not vested

Why Has Elon Musk Blamed Netflix Slump on ‘Woke Mind Virus’?

By Nicholas Dolinger

“The woke mind virus is making Netflix unwatchable,” Musk posted on Twitter Tuesday.

“Get woke, go broke.” The thinking goes that such propagandistic fare is alienating to consumers, who are prone to reject brands that attempt to moralize to them about social and political issues.

Source: Epoch Times

https://www.theepochtimes.com/why-has-e ... 2Blz2gc%3D

[behappyalways]

Netflix Hit a Subscriber Peak. Here Are 3 Strategies They Might Try to Keep Growing | WSJ
https://m.youtube.com/watch?v=9vO0tNmGR2k

[winston]

by behappyalways:-

Squid Game’ to return for a new season of terrifying children’s games, Netflix announces

https://m.youtube.com/watch?v=H3LtUNhcxuE