Netflix stock

Netflix's stock sunk more than 20% in after-hours trading Tuesday after the streaming giant said it lost 200,000 subscribers in the first quarter — its ...

President Biden said Tuesday that he intends to send more weapons to Ukraine amid a new Russian offensive in eastern Ukraine. - On Tuesday, the company said that in addition to its 222 million paying households, it estimates that Netflix is being shared with over 100 million additional households not paying for the service, including over 30 million in the US and Canada — its most lucrative market. It also missed investor expectations on revenue. The big picture: Netflix in March began to test a crackdown on password sharing as a means to increase subscriptions. Details: "Our revenue growth has slowed considerably as our results and forecast below show," Netflix said in the opening line of its note to shareholders, blaming its "relatively high household penetration," for creating "revenue growth headwinds." Netflix's stock sunk more than 20% in after-hours trading Tuesday after the streaming giant said it lost 200,000 subscribers in the first quarter — its first subscriber loss in a decade.

Netflix shares slid 16% in after-hours trading after the company actually lost ground in terms of subscribers, falling to 221.64 million.

The company has also ramped up its efforts in video games and interactive programming, looking to enhance subscription offerings and keep any restless customers from canceling. It’s a potential prelude to a global effort to crack down on the practice, which costs streaming purveyors billions in revenue. Netflix, like many companies, decided to suspend operations in Russia due to the invasion after having developed local-language production and a small subscriber base there. The company blamed a “back-end weighted content slate,” with titles like Bridgerton‘s second season and The Adam Project both launching in March, giving them less time to boost the quarterly numbers. A scrap of good news for Wall Street was free cash flow, which amounted to $802 million vs. Acquisition growth, Netflix said, is still affected by Covid and “macro-economic hardship” in regions like Latin America. This time, its global subscriber base declined by 200,000 from where the company ended 2021, a rare reversal and far from the internal projection of 2.5 million additions in the period. The Street also had expected more from the streaming giant in term of revenue, with a consensus among analysts calling for $7.93 billion. streaming is the future, many new streaming services have also launched,” the company said. “We believe these factors will keep improving over time, so that all broadband households will be potential Netflix customers,” the shareholder letter said. A similar pattern followed the company’s previous quarterly earnings report last January. After softer-than-expected numbers, shares plunged by more than 20%, where they have essentially remained in the months since. The Netflix numbers were clearly weighing on streaming rivals but nowhere near the extent that investors are currently punishing the DTC leader.

Concerning news from Netflix today. The streaming service reported that in the first quarter of 2022, it lost 200000 subscribers — its first subscriber loss ...

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Even worse, Netflix expects to lose 2 million net subscribers in the June quarter, again falling shy of Wall Street's estimates. Netflix shares fell 25% to ...

Without that factor, the company would have added 500,000 net new subscribers in the quarter.... The company (ticker: NFLX) lost 200,000 net subscribers in the quarter. That left it well short of the company’s forecast for 2.5 million net additions, though the number includes the loss of 700,000 subscribers in Russia where the company has suspended service.

Streaming is more crowded and consumers more price conscious. All this raises questions about how much Netflix can keep growing.

- Content arms race: Netflix continues to bring out big names and A-listers to beef up its original content, a list that includes former President Obama, Ryan Reynolds, Duane Johnson, and Gal Gadot. But will it be enough to go toe to toe with other blockbuster originals from rival streaming services? The company expected to add 2.5 million new subscribers for the quarter. - Subscriber growth: Will Netflix deliver an about-face in terms of subscriber growth, after a sharp decline in 2021? “While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched.” In a shareholder letter, Netflix blamed a number of factors, including inflation, increased account sharing, and growing competition. The numbers are in and they’re not good.

Stocks of streaming company rivals fell in extended trading on Tuesday after Netflix revealed it had lost subscribers during the first quarter.

It estimated that as many as 100 million people were streaming Netflix with someone else's password. On Tuesday, shares hit their lowest level since November 2019. Warner Bros. Discovery, the owner of HBO Max, was off about 4%, and Paramount (formerly ViacomCBS) declined nearly 6%.

San Francisco — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that ...

In the most recent quarter, Netflix lost 640,000 subscribers in the U.S. and Canada, prompting management to point out that most of its future growth will come in international markets. Netflix has previously predicted that it will regain its momentum, but on Tuesday faced up to the issues bogging it down. The latest subscriber loss was far worse than a forecast by Netflix management for a conservative gain of 2.5 million subscribers. The setback follows the company’s addition of 18.2 million subscribers in 2021, its weakest annual growth since 2016. The company’s customer base fell by 200,000 subscribers during the January-March period, according to its quarterly earnings report released Tuesday It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China six years ago. Netflix absorbed its biggest blow since losing 800,000 subscribers in 2011 — the result of unveiled plans to begin charging separately for its then-nascent streaming service, which had been bundled for free with its traditional DVD-by-mail service.

Netflix shares fell to a four-year-plus low as investors reacted to the streamer's first subscriber loss in more than 10 years.

With the password crackdown, “Netflix may be able to squeeze a few more dollars out of some of the primary households, but we think that other ones will look at the new sharing fee as another pricing increase and cancel,” Macker wrote in a research note. The firm maintained a “neutral” rating on Netflix and slashed its 12-month price target from $350 to $245 per share. Those issues were compounded by Russia’s invasion of Ukraine and the corresponding economic sanctions imposed on Russia. the current great consumer experience and introduces ad volatility to results.” The company acknowledged intensifying competition — and told investors it expects to grow share of viewing while decelerating growth in spending on content. The Netflix Q1 report exacerbates investor concerns that “streaming appears nearly fully penetrated globally post-COVID,” the analyst added.

Shares shed a quarter of their value in premarket trading after the streaming giant reported that it ended the first three months of the year with 200000 ...

- Target:Up to 60% off - Target Promo Code Shares shed a quarter of their value in premarket trading Wednesday. Investors had expected that the company would add new users in the first quarter. You may cancel your subscription at anytime by calling Customer Service.

A new band of Wall Street analysts rushed to cut price targets and ratings on Netflix in response to deeply disappointing results, though shares of the...

“Said investments change the historically simple story, cloud the return profile, and cause Netflix to lose its shine, in our view,” they wrote. Evercore analysts, led by Mark Mahaney, slashed their price target to $300 from $525 a share. He tweeted that Wall Street analysts appeared “utterly useless” this time, given that Netflix shares had dropped about 50% from their October highs even without taking into account the declines expected in Wednesday’s regular session. As Netflix plans to increase its emphasis on programming, take aim at password sharing, and explore the introduction of advertising, the Wells Fargo team sees the company in a “reactionary” position. Shares of Netflix NFLX, -37.37%tumbled around 29% in premarket trading on Wednesday, the morning after the company delivered a considerable slowdown in revenue growth and a surprise net loss of subscribers. the current great consumer experience and introduces ad volatility to results.”

Shares of Netflix plunged Wednesday after the streamer reported it lost subscribers in its most recent quarter.

The firm was one of at least nine companies to downgrade Netflix on the disappointing report. The company laid out changes in the pipeline to contribute to growth. Shares of Netflix plunged 37% Wednesday morning after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than ten years. Several streaming services' stocks took a dive Wednesday morning along with Netflix as investors wait for updates on their growth. The company had been significantly boosted by coronavirus stay-at-home orders, as more people sought out digital entertainment. But people spent less time on digital platforms as vaccines rolled out and mandates eased.

Netflix now finds itself as just one of several streaming platforms, meaning it will be judged on the same scale as its competitors.

That said, Netflix is only responsible for Netflix, and it’s the investor class and media punditry that convinced the rest of Hollywood to transform its entire business model by chasing Netflix’s arguably-inflated stock earnings. Some of this is the inevitable result of A) everyone trying to copy Netflix’s early-bird success and B) studios becoming stingier with third-party content for the sake of boosting their platforms. The pandemic created a need for quick cash which saw the streamers nabbing some genuine winners, like Skydance’s The Tomorrow War (which went to Amazon), Paramount’s The Trial of the Chicago 7 or Sony’s The Mitchells Vs. the Machines. Give or take Netflix’s smart first-look deal with Sony (tied to their blockbuster first window pay-tv deal and which just saw Kevin Hart and Woody Harrelson’s The Man from Toronto getting sold to Netflix), I don’t think we’ll see rival studios selling off their prized bulls to their biggest rivals anytime soon. That’s not always fair, but it’s telling that Bridgerton season two just became Netflix’s most-watched English-language television show ever (ahead of Bridgerton season one) amid sky-high viewership for the likes of Red Notice, Don’t Look Up and The Adam Project and the stock still cratered. At least some of this is due to Wall Street being Wall Street, overvaluing the stock by treating it as a tech company as opposed to an entertainment studio, and by giving little quarter to the notion that subscriptions to any and all streaming platforms surged in 2020 and 2021 due to a global pandemic that kept everyone stuck in their house for around 1.5 years. Judged as not “the ultimate disrupter” but rather “just another streaming platform,” Netflix now stands out as one that costs more than the competition ($16-$20 a month for HD or 4K plans) and has no added value (no Amazon Prime shipping for that $12-a-month subscription) and is rarely considered home to the “best” film and television content.

The streaming service stuns investors with a sequential dip in subscribers and weak guidance, but it's not the end of this movie.

It has time for you. There's a glut of competing services nowadays, and while that has been the case for years we're now at the point where the competition has achieved critical mass scale. It has time for this. The 11% jump for its standard plan may seem tame in an inflationary climate where a lot of things are getting more expensive, but this is the sixth rate hike at Netflix over the past eight years. The two largest original films it ever put out -- in terms of viewership -- have come out in the last five months. It's not a coincidence that Netflix stumbled after increasing prices during the first quarter.

A person displays Netflix on a tablet in North Andover, Mass. Netflix is feeling the pressure from competitors in a growing streaming landscape. (Elise Amendola ...

In countries like Chile and Costa Rica, subscribers can pay an extra $2 to $3 to add up to two users that are outside of their household. Netflix, which has long been the dominant subscription streaming service, said a major challenge to its business is password sharing. But as competition has increased, that has put more pressure on Netflix to continue to ramp up its subscriber base. The company has been testing ways to encourage non-paying users to sign up for a subscription. Already, Netflix’s competitors, including Hulu, offer such ad-supported plans. Investors previously had been bullish on Netflix because of its position as a streaming giant and its unprecedented growth during the pandemic, as people looked for ways to entertain themselves at home.

Shares of Netflix are imploding after the company reported its first quarterly loss of subscribers in more than a decade, far underperforming expectations ...

The electric carmaker's earnings are forecast to jump 142% from a year ago. Previously, Lipow had been forecasting a return to $4 gas. If Musk does dial in, there could still be risks, given his tendency to speak off the cuff. and Snap ( SNAP) When companies reported fourth quarter results earlier this year, Netflix and Facebook experienced huge stock losses as investors signaled growing sensitivity to downbeat predictions for the future. The war in Ukraine is also dragging down sentiment. Big picture: Hewson said the stock plunge shows that Netflix was extremely overvalued, as investors — flush with cash during the pandemic recovery — fed a huge rally. That could tee up big swings for top stocks as they disclose results. Clearly, the market mood has changed. More than a third did so to save money, according to a new report by media consultancy Kantar. CEO Reed Hastings also told analysts that the company will consider a lower-price subscription option with advertising. It's taking another look at how to address password sharing.

Shares were on course for their worst day in over a decade after the streaming giant reported that it lost subscribers in the first quarter.

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. The shares shed more than a third of their value after markets opened Wednesday. Investors had expected that the company would add new users in the quarter.

The streaming giant's lagging subscriber growth prompts a flurry of price target cuts and downgrades from Wall Street.

Netflix (ticker: NFLX) lost 200,000 subscribers in the quarter, well below its guidance for 2.5 million net adds. The streaming service would have added 500,000 users had it not lost 700,000 subscribers from Russia. The company expects to lose 2 million net subscribers in the June quarter. - Order Reprints

Investors may have a “long time to wait” before Netflix returns to growth, analysts say.

Following the company’s announcement on Tuesday that it will be looking to do so, Martin is now more bullish and upgraded the stock. Netflix in part blamed its first subscriber loss in more than a decade on increased competition from rival streaming platforms. While the streaming platform has long resisted adding commercials, it “makes a lot of sense” to offer a cheaper option if consumers want it, though it would take up to two years to implement, Hastings said.

Netflix stock crashed at the opening,, shedding more than $50 billion in market value after its latest earnings truly spooked investors.

Execs cited a handful of factors they believe are behind the company’s inability to return to pre-Covid growth levels after a spurt in signups during the pandemic, from new rivals to macro impacts and slower smart TV deployment. “Management made it clear that we can expect very low subscriber growth in ’22 and ’23 with no margin expansion as they hope to roll out these changes to reaccelerate growth in 2024. It’s also the first negative move for subscriber levels in more than a decade.

Nollen is one of the few analysts on Wall Street to downgrade Netflix shares ahead of the company's latest results. And Nollen's call looks to be spot on. - ...

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Netflix has ways to increase profits even without subscriber growth. Justin Sullivan/Getty Images. Netflix offers the latest reminder that growing up is hard ...

It used to be the feisty new kid, lighting a fire under TV and movie companies that were doing just fine with distributing content via cable and in theaters. Now everyone in media and tech is all in on streaming, and Netflix is feeling the pressure. Netflix Is Growing Up. It May Be a Chance to Buy.

"What worked until this point may not be working anymore," Michael Nathanson, a media analyst at MoffettNathanson, told CNN Business. "The world's changed.".

Ultimately, they need to ensure they have the content that consumers want, and then ensure they are monetizing that in the best way possible." Netflix said Tuesday that it will continue to improve the service. The company alluded to that Tuesday, saying it will focus more on "how best to monetize sharing" in terms of passwords. That's the value proposition they need to return to." — once the untouchable king of streaming — has gone from "what's next?" Once bullish experts and analysts who viewed Netflix as the linchpin of a transforming entertainment industry are now concerned about its growth going forward.

Company expects to lose 2 million more over the next quarter as subscribers rethink commitment to streaming services.

Reed Hastings, co-chief executive, said tackling account sharing is now a priority for the company. Netflix, like Peloton and GameStop, was a beneficiary of cash that flushed through economies during the pandemic, feeding demand for stocks. “People are asking ‘Is this worth it?’” Ozkardeskaya said. “Nobody was expecting Netflix to announce they lost subscribers. A number of rival services, including Disney, Warner Bros Discovery and Paramount, often with deeper content libraries to draw on, have also entered the market. Netflix had anticipated it would add 2.5 million customers in the first quarter.

The company used to be a feisty newcomer shaking up the movie-theater and cable TV businesses, but now competition in streaming has proliferated.

It used to be the feisty new kid, lighting a fire under TV and movie companies that were doing just fine with distributing content via cable and in theaters. Now everyone in media and tech is all in on streaming, and Netflix is feeling the pressure. Netflix offers the latest reminder that growing up is hard but ultimately positive.

Shares turned in their biggest fall since 2004 after the streaming giant reported that it lost subscribers in the first quarter.

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. In a letter to investors, Mr. Ackman said Netflix would reduce returns at the fund, Pershing Square, by four percentage points.

Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming ...

Profitable hedges helped Pershing Square survive the early days of the pandemic in 2020 and then again in recent months as interest rates began to rise. said it had lost 200,000 subscribers in its first quarter, falling well short of its modest predictions that it would add 2.5 million subscribers. In January, the investor funneled over $1 billion into the streaming service just days after a disappointing forecast for subscriptions pushed the share price lower.

The activist investor, who bought $1.1 billion in stock in January, sells a day after the streaming giant disclosed that it had lost 200000 subscribers in ...

Ackman, in his letter, applauded Netflix’s efforts but said that it wasn’t enough to hold the stock. The sale arrives a day after Netflix disclosed that it had lost 200,000 subscribers in its latest quarter, bringing its total number of global members to 221.64 million. More distressing to Wall Street was guidance that the streaming giant expected to lose an additional 2 million subscribers in its next quarter.

Pershing Square Holdings, Ltd., in a letter to shareholders, said Wednesday it sold its investment in Netflix Inc.

Netflix shares touched a 52-week low on Wednesday, after the company said it lost subscribers in the first quarter. Earlier in the session, it touched a 52-week low of $212.51 per share. “Reflecting this loss, as of today’s close, the Pershing Square Funds are down approximately 2% year-to-date,” he wrote.

Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming ...

Profitable hedges helped Pershing Square survive the early days of the pandemic in 2020 and then again in recent months as interest rates began to rise. said it had lost 200,000 subscribers in its first quarter, falling well short of its modest predictions that it would add 2.5 million subscribers. In January, the investor funneled over $1 billion into the streaming service just days after a disappointing forecast for subscriptions pushed the share price lower.

Bill Ackman of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought in January.

That is why we did so here,” he wrote. In a separate letter to investors, Ackman declared that Pershing was “all in on streaming as we love the business models, the industry contexts, and the management teams…” “While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty,” he wrote in a note to Pershing shareholders. At the time Ackman made his bet on Netflix, the company’s stock was selling at $375 per share — well below its all-time high of $690 per share in October of last year. Shares of Netflix nosedived by 35% on Wednesday after the streaming service announced that it had shed some 200,000 subscribers in the first quarter of 2022. The head of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought for $1.1 billion in January.

The billionaire investor said Pershing Square sold its stake in the streaming service Wednesday, implying a loss of about $400 million.

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon - Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service.

Shares were on course for their worst day in over a decade after the streaming giant reported that it lost subscribers in the first quarter.

- H&R Block Tax:H&R Block Tax Sale - Up to 20% off tax software You may cancel your subscription at anytime by calling Customer Service. Investors had expected that the company would add new users in the quarter.

The streaming video giant's revenue rose 9.8% year-over-year to $7.87 billion, but missed analysts' estimates by $70 million. Its paid subscribers grew 6.7% to ...

That recovery, which follows three quarters of heavier spending on new content, enabled its free cash flow (FCF) to turn positive again even as its earnings per share (EPS) slipped. It just doesn't make much sense to invest in a company with slowing growth and rising expenses when plenty of other high-quality stocks are still on sale. But even after excluding Russia, Netflix still missed its own guidance by about two million subscribers. Excluding Russia, Netflix would have gained about 500,000 subscribers sequentially instead of losing 200,000 subscribers. During the conference call, Netflix's COO Gregory Peters said it wouldn't "shut down that sharing," but it could start asking members to "pay a bit more to share the service with folks outside their home." In the first quarter, Netflix also attributed its slowdown to passwords being shared to over 100 million additional households worldwide. In Netflix's fourth-quarter and first-quarter shareholder letters, it started citing competition as a major headwind. Growth (YOY) Netflix steadily gained subscribers over the past decade as it produced more original content and expanded overseas. Should investors consider buying this beaten-down FAANG stock after that steep decline? As a result, its net income declined 6% to $1.60 billion, or $3.53 per share, which still beat analysts' conservative estimates by $0.62. The streaming video giant's revenue rose 9.8% year-over-year to $7.87 billion, but missed analysts' estimates by $70 million.

Shares of Netflix are in a deep, deep hole. The stock was off 37.3% in midday trading Wednesday after the company missed both Wall Street's and its own ...

Now, though, competition for the electric-vehicle pioneer really is ramping up. The predictions are always around, but the reality never seems to arrive. Predictions about more competition for Tesla are a little like Elon Musk’s predictions for fully autonomous cars.

Even so, I noted that the streaming giant still harbored "a gargantuan market cap relative to its still puny earnings," and that since the course of its stock ...

It admitted that the COVID boom "obscured the picture until recently," and cited the uptake in smart TVs was more sluggish than expected, and that it is suddenly now competing with a rush of new services launched by traditional players "who see streaming as the future." It's hard to think of any scenario in which a stock has descended so rapidly from a super-high-flier to a near-value candidate. Its spending on new content is still pretty much erasing all of its free cash flow, leaving little or nothing for shareholders. Of course the stay-at-home economy fashioned by the pandemic sent Netflix's paid viewership on a moonshot, and by October 2021 had swelled its market cap to $310 billion. That's because to keep on the fast track, it had to keep lifting its cash outlays on new programming faster than it was expensing the spending as amortization on the income statement. Eventually, the heavy expenditures on movies and series needed to fall sharply as a proportion of revenues for Netflix to keep income waxing at anywhere near the pace needed to sustain anything like a $300-billion-plus market cap.