Netflix earnings are out - 970,000 subscribers lost during the quarter (lots of people breathing a sigh of relief) 😮💨
Does the surprise improvement in fundamentals mean Netflix is through the worst of the choppy waters? The performance of the stock today would suggest thatFor the password-sharers out there, however, don’t be so sure that the company doesn’t still have you in its sights. Note the following from the company’s newly-published shareholder letter, emphasis mine:
“Our challenge and opportunity is to accelerate our revenue and membership growth by continuing to improve our product, content, and marketing as we’ve done for the last 25 years,Andy Meek is a reporter who has covered media, entertainment, and culture for over 20 years. His work has appeared in outlets including The Guardian, Forbes, and The Financial Times, and he’s written for BGR since 2015.
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