Already a volatile stock during corporate earnings season, Netflix Inc. is likely to be even more so in the future after a decision made by the streaming service’s executives.
Full earnings coverage: Netflix CEO says ‘thank God we’re done with shrinking quarters’ after first growth of 2022 There are multiple problems with that plan, starting with the fact that anytime a company stops reporting or guiding on a metric that Wall Street relies on, you can bet that it’s because the number is not going to be good, or is in decline.Focusing on revenue is not great for Netflix investors right now either, considering its year-over-year revenue growth in the third quarter was the lowest Netflix has ever reported, at 6%.
“Without guidance, some would have been at 6 million for the quarter they just reported, but others would have been at a loss, since they lost subscribers in both March and June 2022,” Pachter said.
tpoletti Added users in one quarter after losses.. stranger things have happened if that reverses next quarter..
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