Netflix is overvalued and has failed to break 700. Again. Netflix is spending a bunch of money to try and add value to their already overpriced service. The addition of add based cheaper services will be fruitless when their entire base is ad free. Netflix will have to make equal investments in different culturally relevant titles for each market it attempts to break into. Netflix wants investors to keep thinking about growth but will stop reporting subscriber numbers soon. (Because it is going flat) Anyone who wants Netflix here has it already. Nobody wants a historical shit movie catalog with one or two new series or half ass hits a month, for 29.99 a month.
I’m in on a $500 Strike by 10/18. Tell me I’m stupid. I’m realistically targeting $350 with a solid enough correction.
July 19th is going to show flat or missed target profits. A lot of money was spent this quarter to obtain streaming contracts and exclusive deals. The ad based streaming will be a dumpster fire.
Fight me
Posted by BlueThumbSC803
17 Comments
I just cut my Netflix subscription a month ago (after something like 10years). Their content has been floundering for some time and their fees are too high to justify amidst the level of competition. Everyone I know has been tightening their belt lately with increased consumer prices–this felt like an easy choice, particularly given that they ended password sharing and other services have not. Sentiment feels right, but what do I know, I’m regarded.
Do you have multiple contracts or you’re picking that strike with that time frame because it’s what your account can risk?
You’re stupid
On the flip side, Netflix is spending BIG on Bollywood. Not sure if you’ve seen the population of India… (plus the many many nations that Bollywood dominates popular culture)
Go back 2 years when they were first talking about password crackdown and I was incredibly bearish on Netflix.
Here’s the thing though: Retail investors/consumers showed their true colors. Turns out people say and do very different things. Everyone bashed Netflix publicly, but only a fraction of a fraction of those people actually unsubscribed. We’ve seen with absolute certainty that the average consumer is going to keep paying for Netflix no matter how much they charge. They’re literally just reinventing cable at this point, and consumers are willing to let it happen.
I genuinely think it’s a real possibility Netflix can keep jacking their prices over the next decade until the base subscription is $80+. Hell, it wouldn’t shock me to see them start splitting off their Netflix originals as “premium” content that needed additional subscriptions to unlock.
This is a company that’s still in the early stages of completely replacing legacy TV/media and I see a not-too-distant future where they’ll be worth well over $1000 a share. People are always going to need an outlet for televised media/entertainment. It’s clear that legacy cable isn’t adapting and streaming platforms are the future. Netflix and maybe Disney and HBO are the only names actually capable of scaling, and are thus going to have a huge monopoly as the industry keeps shifting in their favor over the next 5+ years. Just my $0.02.
According to the study i read a few weeks ago, Netflix is the only profitable streaming service. The problem with Netflix (in my humble opinion) is they don’t have the monopoly anymore. There’s so many streaming services now, it seems like every channel is trying to start their own.
On top of that, the reason everyone dropped cable and went to streaming was a combination of cost, having to watch ads after already paying for cable, and having to wait for weekly shows to come out.
Now most services are creeping right back to where they pulled from. They’re raising prices, cracking down on password sharing, implementing ads, and instead of dropping a season up binge, going back to weekly shows.
I don’t know if it will be Netflix, but I see a clear winner coming out in the streaming service and combining services. Disney is kind of doing it with hulu and espn. Imagine if HBO Max never became profitable so they sold the rights to Disney. Then they pick up “cult” channel like AMC+ when Walking Dead was popular. Instead of paying for 5 different services, It will all be on one platform, likely Disney. Disney just got the NBA deal. They have a huge history of kids shows, now you have espn, hbo with game of thrones franchise, maybe something like walking dead hype with amc. Etc.
If it’s not Netflix that wins, then yes I agree with you. I feel like the competition will start to eat away at market share.
I see no sign of Netflix slowing down. Not only have they pretty much replaced traditional TV and cinema for anyone under 40, they’ve also held off the competition spectacularly well.
Amazon has all the money in the world, but can’t seem to come up with a user friendly UI or a clear, sensible pricing policy for its VOD services.
Netflix is super simple – intelligent search and recommendations, engaging new and exclusive content, a huge global catalogue, with a simple and clear pricing structure.
Either people are going to switch en masse to another streaming service, or they’ll stop watching TV altogether.
RemindMe! 3 months
Not a fan of pretty much any of their original content, and their library of 3rd party content is lackluster also. Much better streaming options these days.
In 10 years there will be no need to produce movies. Actors will be paid for their likeness, and movies will be generated by user prompts. In this world, either the AI itself is a movie production company like Warner, or AI has in place deals with Netflix and other services. So, idk about Netflix but, neverending calls on NVDA
They’re getting NFL games though now. I’m not super high on WWE unrated for them…but it could bring over all of Peacocks WWE viewers.
They’re still in the hamptons it’s not moving now
No the bear is on hulu
Not related to stock price, but Netflix has the best engineering unit in all of FAANG. They are truly phenomenal
Still the #2 streaming service behind only YouTube…
I wouldn’t bet against them.
My family and I are using only Amazon prime. Because of the extra benefits with our delivery.
We are having Disney Plus because we booked a Disney land trip as a bonus.
But we cancelled Netflix. No benefit no bonus. We had it because of one piece series. But cancelled it right after we finished watching it
Google Amazon and Netflix are three kings of streaming that’s all u really need. Ones free the other is added service Netflix can charge more