Netflix snaps streak of subscriber declines and beats on earnings, stock jumps 15%

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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Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it aroundEarnings watch: Questions about demand dog Netflix and Tesla, while Snap faces an uncertain environment for online advertising --- all will take the stage for Wall Street in the week ahead. Marketing needs to create new users and help generate word of mouth. How has the ad strategy of Netflix and Tesla impacted their future?
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Trimble Inc. moves HQ from Sunnyvale to Colorado, but keeps Bay Area presence - Silicon Valley Business Journal'Sunnyvale will continue to be the center for technology development across a range of areas critical to Trimble's success going forward,' said Trimble CEO Rob Painter.
Источник: svbizjournal - 🏆 334. / 59 Прочитайте больше »

Trimble Inc. moves HQ from Sunnyvale to Colorado, but keeps Bay Area presence - Silicon Valley Business Journal'Sunnyvale will continue to be the center for technology development across a range of areas critical to Trimble's success going forward,' said Trimble CEO Rob Painter.
Источник: svbizjournal - 🏆 334. / 59 Прочитайте больше »