Re:The bottom is dropping out of Netflix
by paxys on Friday April 22, 2022 @06:38PM
(#31129083)
The market reacted because a much higher subscriber growth was factored into the price. After the massive drop Netflix is still worth $100B and is one of the largest media companies out there, which is nothing to scoff at.
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Along with the huge miss this quarter they quided that they will lose another 2 million subs next quarter. That signals and end to growth and a rerating of the stock.
The forecast was to add ~2M subscribers, instead they lost 200K