Netflix just released it's quarterly earnings and here's interesting nuggets:
▶︎ The exec team seemed pretty excited about the following upcoming original content:
- 13 Reasons Why (new season)
- Luke Cage
- Glow
- The Week Of(featuring Chris Rock & Adam Sandler)
- 3% (Brazilian original series, new season)
- The Rain (Danish original series), super excited about this one.
▶︎ There's an ongoing theme here that a lot of the regional content plays really well globally. They mentioned that the viewing numbers on regional shows like Dark (German) and 3% (Brazilian) would be considered cable hits in the US.
▶︎ They are not watering down content to make it travel well. The content just has global appeal. Really played up the globalization card.
▶︎ They still only have a fraction of the viewing hours of YouTube or Linear TV, so still plenty of room to grow.
▶︎ They are all in on original content. Per Reed Hastings, their spending pattern makes them more of a media company and not a tech company (basically aiming to isolate themselves from the recent negative chatter around tech)
▶︎ Overall they are firing on all cylinders and investors should expect them to continue to do so. The stock has had quite a run up so I would wait till a broader market pull back to initiate a position. (Disclaimer: I own Netflix stock)
▶︎ They are all in on original content. Per Reed Hastings, their spending pattern makes them more of a media company and not a tech company (basically aiming to isolate themselves from the recent negative chatter around tech)
▶︎ Overall they are firing on all cylinders and investors should expect them to continue to do so. The stock has had quite a run up so I would wait till a broader market pull back to initiate a position. (Disclaimer: I own Netflix stock)
App Pitch:
While we are on the subject of investing, here's an iphone/ipad app to help you easily keep track of earnings:
Knotifi
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