Netflix Inc. added more than 2 million subscribers in the third quarter after stumbling into 2022 with two consecutive quarterly declines, a rebound that sent shares more than 15% higher in after-hours trading Tuesday.
“After a challenging first half, we believe we’re on a path to reaccelerate growth,” executives wrote in the letter. That didn’t stop Netflix executives from taking a pot shot at streaming rivals over profitability. “Our competitors are investing heavily to drive subscribers and engagement, but building a large, successful streaming business is hard — we estimate they are all losing money, with combined 2022 operating losses well over $10 billion, vs. Netflix’s $5 to $6 billion annual operating profit,” Netflix executives said in the shareholder letter.
They are about to see a huge decline if they mess with account sharing. They already charge a premium rate for multiple screens. If they decide where those screens can be, I'm out just like many others. They won't be around long. They have too much competition now. Bye!
$NFLX Not all that it seems. Pay attention to margins and guidance. But hey, good excuse for a short term rally.
Fixed
Them shifting to ad tier is huge but need to back off from policing based on location, use simultaneous screens as limiter. Combo of user watch data, engagement from ads, and profiles opens up more profitable ad revenue streams.
Up day tomorrow too then I guess. We inching back...
Trader_XO Send this company to 0
Stranger Things seasonals?
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