Another quarterly miss for NFLX. Down 20% in the AH. Set to open tomorrow down 40% from it's November high and below the 200 DMA.
Miss on earnings and new subscribers. Volatility pre-earnings was 10%, and right now it's down 9.8% AH.
Another quarterly miss for NFLX. Down 20% in the AH. Set to open tomorrow down 40% from it's November high and below the 200 DMA.
Going to be another minor gap down in NFLX tomorrow after reporting the loss of over 200,000 subscribers. Down over 20% in the AH (again). NFLX needs to focus on quality shows instead of the quantity of their "documentaries".
Remember when everyone thought we'd be riding overpriced Peloton bikes and sitting indoors watching (terrible) Netflix shows the rest of our lives? How things change.
Like a Brick ......
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Ackman gives up on Netflix, taking $400 million loss as shares tumble
https://finance.yahoo.com/news/ackma...224251956.html
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Netflix shares pop as streamer reports better-than-expect profit
https://www.cnbc.com/2023/10/18/netf...s-q3-2023.html
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Price hikes on the way too. Of all the streaming services we have, I think we use Netflix the least. Certainly not getting our money's worth now.
https://www.usatoday.com/story/money...3/71232955007/The streaming giant hiked the monthly price of its basic plan to $12 from $10 and its premium plan to $23 from $20.
Netflix’s $7 ad-supported plan will still cost $7 a month.
The price hikes take effect immediately.
The last time Netflix raised prices in the U.S. was in January 2022.
YAY ..... finally something goes my way.
Netflix Stock Surges as Wall Street Boosts Price Targets On Strong Earnings Metrics
Netflix Stock Analysts Up Price Target on Earnings, Advertising, WWE – The Hollywood Reporter
Netflix shares jumped on Wednesday after the streaming giant surprised Wall Street on Jan. 23 by reporting its second-best quarterly subscriber additions ever (13 million) and unveiling a 10-year, $5 billion deal for WWE flagship show Raw, as well as the sports entertainment powerhouse’s content internationally.
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I'm not much to bitch about stuff, but I really, really miss the AMERICA that I grew up in.
After threatening everyone about sharing, people joined up on their cheapest plan. Now that they have 1.3M new subscriber they are going to raise the cost of their plans.
May the force be with us.
They've actually been pushing the cheaper plan with ads on me. They must make more that way - some ads and a fee.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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