Netflix stock collapses after 4th quarter earnings report

[klang]

That article from TheHill doesn't contain any new info besides the correspondence to the shareholders. Which also had no new info.

 

[Juan]

So people are having a freak out over paying a extra $3-4 a month instead of that family member they are sharing with paying $15-20 a month on their own, sounds like a win for that family member only paying that $4 to who holds the account.

Im thinking the blocked devices will cause an uproar

 

[meStevo]

Better article

Netflix Investors Could Have Avoided Bloodbath With These IBD Sell Rules

Investors would have been out of Netflix stock well before Friday's crash if only they had heeded the warning signs and sell signals.

www.investors.com

lol, this one is a year old too.

 

[Juan]

That article from TheHill doesn't contain any new info besides the correspondence to the shareholders. Which also had no new info.

Reed Hastings stepped down as CEO is new as well as some of the features they are testing if you dig down in the article

 

[Bruce]

Reed Hastings stepped down as CEO is new as well as some of the features they are testing if you dig down in the article

Why are you not talking about your stock market links that are a year old?

 

[DS0816]

Thiink it crashed now? Wait until they [Netflix] try to prohibit password sharing.

I pay for the best package with 4K and viewing on 4 devices at once. 98% of the time NONE of the 4 devices are watching Netflix. If I want to give my password to my kids, one of whom is driving around the USA living in an RV I shouldn't have an issue as I am paying for 4 devices at once. If they come down for me on this I will cancel, not to mention that I travel often as well.

I am, actually, not subscribed. (I canceled…whenever.)

I figure, “Netflix should pay me to be a subscriber.”

This may be the same feeling with numerous persons with regard for any television programming service (in whatever form) one can think of.

 

[Bruce]

I am, actually, not subscribed. (I canceled…whenever.)

I figure, “Netflix should pay me to be a subscriber.”

This may be the same feeling with numerous persons with regard for any television programming service (in whatever form) one can think of.

Anything with commercials I feel I should not pay for.

 

[Keith Brannen]

2023 article, from the same website. Stock price lower than previous year, earnings per share down considerably, increase in subscribers:

Netflix Stock Surges After Video Streamer Posts Big Subscriber Gain

Netflix reported more new subscribers than expected in the fourth quarter. But its profit missed views. Still, Netflix stock rose.

www.investors.com

 

[Jimbo]

Juan’s link is from 2 days ago and incorrect, is said it closed at 397 the end of Friday, it closed at 342 on Friday, stock is up to 357 today.

Netflix Inc. stock outperforms competitors on strong trading day

Shares of Netflix Inc. rallied 4.36% to $357.42 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index...

www.marketwatch.com

Second, Netflix had a 7/1 split in 2015, so when it hit close to 700, each share became 7 shares.

So that one share of Netflix at 700 then split is now worth roughly 2499.

Oh no, the end is near for Netflix.

And yes, I then owned a tad more then 500 shares of Netflix ( purchased when the stock was at $80 during the Quikflix debacle), now roughly 3500 shares, so value went from $40,000 ( at $80 a share) to $350,000 ($700) to now today $1.249 Million.

I am very happy with the stock price.

https://www.fiercevideo.com/online-video/netflix-board-approves-7-to-1-stock-split-as-shares-jump-to-near-700

My numbers are not perfect, but close enough.

If your numbers are close enough, Juan's are too.

 

[Jimbo]

Are you all of a sudden a mod here, if Scott has a problem with my opinion, he can take it up with me.

I always find it amazing how people will attack someone here just because their opinion is different then their own.

Says the person that has done plenty.

 

[VictoriaFTA]

Password sharing is a nothingburger. Just host a VPN at your house and have all your moochers connect to it.

 

[Ronnie-]

Guys, some of these responses are dang personal, and seem to carry over from arguments from other threads.


Let’s knock that off please.

 

[meStevo]

That article from TheHill doesn't contain any new info besides the correspondence to the shareholders. Which also had no new info.

Yeah, though it does do a good job at aggregating some of the approaches they're trying.

Im thinking the blocked devices will cause an uproar

... and I think this probably misunderstands what blocking devices means. You'd likely just need to reauthenticate or there'd be a self-service way to unblock it. Whatever they do it has to work at scale.

2023 article, from the same website. Stock price lower than previous year, earnings per share down considerably, increase in subscribers:

Netflix Stock Surges After Video Streamer Posts Big Subscriber Gain

Netflix reported more new subscribers than expected in the fourth quarter. But its profit missed views. Still, Netflix stock rose.

www.investors.com

Yeah, it's taken a year to recover from the cliff they dove off described in the first article posted. They're spending a ton on content, so after a rough year coming out ahead on subs and profitable is good news and why their stock continues to climb this week.

If your numbers are close enough, Juan's are too.

Key difference is Juan's information is based on the news from 1 year ago

Guys, some of these responses are dang personal, and seem to carry over from arguments from other threads.


Let’s knock that off please.

Including the OP, continuing discussion from the thread you banned him from.

 

[SamCdbs]

The world of entertainment technology is filled with formats and ideas that the handful of adopters found entertaining, useful and worth what they paid for them.

They just couldn't make any money.

Streaming, more and more, is looking like the CED of this decade. It just cannot make any money.

Still wanting to know, exactly, what streaming has to do to begin to make money.

 

[comfortably_numb]

CED of this decade

What's CED?

 

[Bruce]

The world of entertainment technology is filled with formats and ideas that the handful of adopters found entertaining, useful and worth what they paid for them.

They just couldn't make any money.

Streaming, more and more, is looking like the CED of this decade. It just cannot make any money.

Still wanting to know, exactly, what streaming has to do to begin to make money.

Netflix does not make money?

 

[Bruce]

What's CED?

Format before Laser Discs.

 

[SamCdbs]

What's CED?

Exactly.

In five years, someone will post "what's Parmount Plus?" .

 

[meStevo]

Exactly.

In five years, someone will post "what's Parmount Plus?" .

Not really the same thing, options like that will come and go. If they say 'what is streaming' you've got a case, but that's obviously not going to happen.

My kids are more likely to be able to say 'what was DirecTV?' by the time they're shopping for service for themselves in a decade or so, presuming Dish has a more stable business of the of the 'luxury' providers a 'handful' subscribe to and they merge at some point.

 

[navychop]

CED was, IIRC, an RCA idea. Would physically wear out the discs. No doubt studios loved it. But very very few people bought it.