Netflix beats on profit but misses on number of new subscribers

Netflix issued a press release on its quarterly results after the closing bell. In Q3, we grew to $5.2 billion in revenue, up 31% over the prior year, and operating income doubled to$1.0 billion. Paid net adds totaled 6.8m compared to our 7.0m forecast and prior year Q3 of 6.1m. As we’ve improved the variety, […]

Is it time to short Netflix?

Streaming giant Netflix just reported annual earnings for 2018. Reuters 2019Jan18: Netflix shares fall as weak forecast dampens investor optimism Bloomberg 2018Jan18: Netflix’s International Expansion Dominates Growth The net margins at Netflix are single digit and the P/S multiple is well above 10, which means the P/E multiple is a triple digit. Does that mean […]