Smartphone with Netflix logo is seen in front of a stock graph in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/Illustrationbeat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth.
Revenue and earnings for the first quarter came in roughly in line with the average analyst estimates from Refinitiv. Earnings per share hit $2.88 with revenue of $8.162 billion. Netflix serves as a bellwether for the streaming industry, in which growth has slowed as competition has intensified. The clampdown on password sharing will begin in the United States during the current quarter, Netflix said.
A year ago, Netflix lost 200,000 subscribers - its first subscriber decline in more than a decade, sending its stock reeling and resetting Wall Street's expectations for the sector.
So amusing, as usual Reuters tries to destroy Netflix. Why are you systematically attacking Twitter, Tesla, Netflix, Reuters?
The charges from Netflix is getting too high to cancel soon because I have run out of Asian movies to watch, as the language in American film is not conducive to children
Media is covering here. It's delicate to persuade you of something not entirely true. Details are that Netflix is facing challenges due to a shrinkage in subscriptions. So they're making it up by cracking down on multi-users, increasing fees, and implementing new fees.
Netflix is taking on the feel of a retirement home for aging actors. European Serials wander around for days before they begin to coalesce into a plot. In all, they are about one more mistake from resurrecting Hollywood and the big screen. Maybe its for the best.
Yeah... that'll definitely help.
The programming sucks now. Where are the BLACK AMERICAN writers. Black ADOS stories are almost non existent. 👀📝
More importantly than mixed earnings, the lost subscribers during the 1st Quarter and even though they have had numerous price increases, if they go this crackdown hard enough I will become a past tense subscriber.