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Stockreport

Netflix subscriber growth is no longer the focus figure: expert [BNN Bloomberg (Canada)]

Netflix, Inc. (NFLX)  More Company Research Source: BNN Bloomberg
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
On Thursday, in its first quarter of 2024, nearly double analysts' expectations and marking its best start to a year since 2020. Ben Mogil, managing director of Qualia Legacy Advisors, said context is needed when looking Netflix's subscriber growth, as users will often cancel their plans after a couple of months, once they've consumed the programming they want to watch. “You've got subscribers churning on and off in the quarter a lot,” he told BNN Bloomberg in a television interview on Friday. “Looking at a quarter-end number doesn't necessarily reflect what's happened during a quarter.” The frequent turnover in the streaming era has caught many of Netflix's competitors off guard and has made it hard for the likes of Disney and Paramount to turn a profit from their platforms, Mogil said. “For most of the players – Disney, Paramount, Comcast – (streaming) has not been as profitable as they'd hoped for,” he said. “I think really what they're now dealing with that they hadn't de [Read more]
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Stockreport

Netflix subscriber growth is no longer the focus figure: expert [BNN Bloomberg (Canada)]

Netflix, Inc.  (NFLX) 
More Company Research Source: BNN Bloomberg
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
On Thursday, in its first quarter of 2024, nearly double analysts' expectations and marking its best start to a year since 2020. Ben Mogil, managing director of Qualia Legacy Advisors, said context is needed when looking Netflix's subscriber growth, as users will often cancel their plans after a couple of months, once they've consumed the programming they want to watch. “You've got subscribers churning on and off in the quarter a lot,” he told BNN Bloomberg in a television interview on Friday. “Looking at a quarter-end number doesn't necessarily reflect what's happened during a quarter.” The frequent turnover in the streaming era has caught many of Netflix's competitors off guard and has made it hard for the likes of Disney and Paramount to turn a profit from their platforms, Mogil said. “For most of the players – Disney, Paramount, Comcast – (streaming) has not been as profitable as they'd hoped for,” he said. “I think really what they're now dealing with that they hadn't de [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NFLX
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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