Research archive for NFLX

Netflix shares closed up 10.7% after growing its subscribers the most in a quarter since 2020. As if that's not enough for one day, the company also inked a $5 billion, 10-year contract with WWE.

I'm a big fan of Netflix; as a user of the streaming service and as an investor in their shares.

Josh Brown wrote a passionate article about being too focused on PE ratios, especially in light of the AI boom we are currently witnessing. It's a fun read if you have a few minutes to spare.

On Wednesday night Netflix released a strong set of numbers, helping the stock close up 16% yesterday. The company posted revenue of $8.54 billion and earnings per share of $3.73, both beating analyst expectations.

Netflix's lucky subscribers in Canada and the UK will be the first to try out their new cloud-streamed games. This option been thrown in as a bonus for select subscribers since November 2021.

Netflix released results last night which were pretty much in line with expectations. The share price is up over 60% this year, so the market was looking for strong numbers. Revenues for the quarter grew 2.8% to $8.19 billion while net subscriber additions were 5.89 million - comfortably beating estimates of 1.8 million, very encouraging. The extra subscribers did come at a cost, with average revenue per user (ARPU) of $11.55 below the expected $11.76. Despite the ARPU miss, margins were better than hoped for.

Netflix's biggest strategy shift in years seems to be going well. Early indications are that the password-sharing crackdown in the US is resulting in an increase in subscribers. The big worry was that the new restrictions would cause users to quit.

Netflix's day of reconning has arrived in the US. Last week the company started to notify users that Netflix accounts are only to be shared within a single household, and that password sharing with users outside of the household would result in an extra fee of $7.99 per person.

Netflix plans to invest $2.5 billion in South Korea over the next four years. They want more Korean TV shows, movies, and unscripted content, and are committing double the amount they have invested there since 2016.

Netflix reported first-quarter results on Tuesday, with revenue in line with expectations but lower than expected subscriber growth. Sales came in at $8.16 billion with only 1.75 million new paid subscribers, which was 20% below what analysts had predicted.

Netflix is upping the ante on their main competitor, sleep. They announced over 100 new games in production, with scheduled monthly releases. Currently, fewer than 1% of users play the games. Hopefully more variety will change that.

Netflix had results out last Thursday, which were better than expected. The stock jumped by 8.5% on Friday.

The Jeffrey Dahmer biopic series has broken some Netflix records, becoming their most successful show of all time with 701.4 million of watch time since launch. This was partly thanks to a reversal in subscribers in the third quarter. Dahmer was watched for a whopping 196.2 million hours in its first five days on the platform.

Netflix gave Vestact clients a great start to earnings season last night. They added 2.4 million subscribers in the previous quarter, including 100 000 in the highly competitive North American market. These additions more than make up for the lost subscribers at the start of the year. Importantly, management forecast the addition of 4.5 million subscribers for the final quarter of the year.

On Tuesday night Netflix released their second quarter results. This was a hotly anticipated release because in the previous quarter, the company showed its first subscriber loss in a decade and the share price was pummelled. The company expected to lose two million subscribers this quarter but only lost 970 000. The share price jumped 10% in aftermarket trading.