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Wow! Netflix sure got killed after announcing earnings after hours (Original Post) bif Apr 2022 OP
not sure why this is so stunning qazplm135 Apr 2022 #1
Not surprised at all vercetti2021 Apr 2022 #2
I thought it was doing well with hit show bridgerton Demovictory9 Apr 2022 #3
"Netflix shares drop 26% after it loses 200K subscribers"... PoliticAverse Apr 2022 #4
Well, I'm about to cancel piddyprints Apr 2022 #5
Sadly they were in my portfolio - the tech companies that have very high PE's walkingman Apr 2022 #6
Earnings precipitated the drop, but I think the stock has been overpriced for a while Auggie Apr 2022 #7
Netflix failed in their primary objective localroger Apr 2022 #8
They raised their rates one time too many recently PatSeg Apr 2022 #9
You weren't the only one.... Boxerfan Apr 2022 #10
I just read another post PatSeg Apr 2022 #12
Not worried about Netflix, or it's investors. bluedigger Apr 2022 #11
I feel the same way and am turning to sports and classic films Auggie Apr 2022 #13

qazplm135

(7,447 posts)
1. not sure why this is so stunning
Tue Apr 19, 2022, 05:51 PM
Apr 2022

(not saying you just the overall reaction I am seeing).

People were maxed out during the height of the pandemic watching streaming, now as folks venture out, it was destined to go down.

vercetti2021

(10,156 posts)
2. Not surprised at all
Tue Apr 19, 2022, 05:53 PM
Apr 2022

Hiking up their fees and then announcing that they are cracking down on password sharing. Netflix hasn't learned that there is other streaming services now that are much more cheaper and have much more content now which don't care about password sharing. Netflix is gonna Blockbuster themselves if they don't change course.

PoliticAverse

(26,366 posts)
4. "Netflix shares drop 26% after it loses 200K subscribers"...
Tue Apr 19, 2022, 06:02 PM
Apr 2022
https://abcnews.go.com/Technology/wireStory/netflix-shares-drop-22-loses-200k-subscribers-84174080

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 the pioneering streaming service may have already seen its best days.

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. The drop this year stemmed in part from Netflix's decision to withdraw from Russia to protest the war against Ukraine, resulting in a loss of 700,00 subscribers.

walkingman

(7,610 posts)
6. Sadly they were in my portfolio - the tech companies that have very high PE's
Tue Apr 19, 2022, 06:18 PM
Apr 2022

are really taking a beating since FOY. An example is NVDA which beat their numbers and the stock took a beating. I still have a lot of tech growth companies including GOOGL and AMAZN which are underwater YTD but I think they (including NVDA) are legitimate profitable companies that over time will do well. My only concern is my age (72) otherwise I think they will be successful given time.

localroger

(3,626 posts)
8. Netflix failed in their primary objective
Tue Apr 19, 2022, 06:26 PM
Apr 2022

When they tried to move beyond DVD's their plan depended on becoming the single source from which you could get any content you wanted streamed instantly. They built an infrastructure unrivaled by any competitor at the time to accomplish that. But in the end they couldn't unravel the knot of shifting license agreements and availability windows that curse the streaming industry. Instead of opening up the licenses the big content creators eventually started their own streaming services, and as a result you never know what will be available when or for how long. That's simply not a premium service, no matter how hard they try.

Their original DVD business has contracted a lot but remains solid with a constant core of users who either don't have good enough internet to stream or don't like the availability problem. While some new stuff isn't being released on DVD anything before 2015 or so is always available because once they're pressed DVD's are physical objects subject to the doctrine of first sale, and Netflix can rent them to anybody they want whenever they want until the DVD breaks in half. I don't watch a lot of TV so the 8 discs or so I get per month are well worth the cost of the 2 disc out at a time plan.

Unfortunately, the promise of streaming is being ruined by a problem which is not technological, but legal. Until there is something like a universal permanent license that most of the content creators will agree to so all the content is available from one source all of the time, streaming is going to be a minefield of shifting availability and service consumption. And being at the vanguard of that failure has not been a good thing for Netflix.

PatSeg

(47,422 posts)
9. They raised their rates one time too many recently
Tue Apr 19, 2022, 06:33 PM
Apr 2022

As far as I could tell, they were the most expensive streaming service available, though hardly the best. They were even higher than HBO Max. After using their service for over fifteen years, that increase was the final straw and I canceled. I kind of believe I probably wasn't the only one, so that may have helped contribute to poor earnings.

Boxerfan

(2,533 posts)
10. You weren't the only one....
Tue Apr 19, 2022, 06:58 PM
Apr 2022

I bailed it was a decent service but not worth a increased price. We had been subscribers for over a decade

PatSeg

(47,422 posts)
12. I just read another post
Tue Apr 19, 2022, 09:00 PM
Apr 2022

that said Netflix lost users for the first time ever - 200,000. I remember the previous rate hike, when they said they were raising prices to produce more quality programming. Then they raised their prices again? I didn't see any great improvement in their content before. It was a terrible business decision.


https://www.democraticunderground.com/?com=view_post&forum=1002&pid=16609597

bluedigger

(17,086 posts)
11. Not worried about Netflix, or it's investors.
Tue Apr 19, 2022, 07:27 PM
Apr 2022

As a subscriber, I find less and less to watch there, simply because I have nearly exhausted their inventory of shows to my taste. But investors have become accustomed to 20% annual growth, which is unsustainable in any market, much less a quickly maturing and increasingly competitive one such as streaming entertainment. As long as they continue to invest in new projects I 'm sure they will give me some good shows to watch, and maybe the competition will make them focus on their prices a little more in the future. A guy can hope.

Auggie

(31,169 posts)
13. I feel the same way and am turning to sports and classic films
Wed Apr 20, 2022, 07:25 AM
Apr 2022

So many of these new scripted shows feel repetitive thematically or just are un-compelling.

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