Why thank you, guys and gals! I just reached 250 subs here today, directly after the glorious Monero breakout!
Thanks everyone. And as I said-- we are just getting started.
Stay tuned!
♠️🤫🐿
Subscriber
October 16 Earnings: Netflix - Seasonal Correction & CompetitionNetflix has been on a strong growth trajectory over the past 5 years, posting solid subscriber growth.
I expect that to continue into the foreseeable future, but believe seasonality will kick in.
Wall Street expects the company to report 4.4M new subscribers for the quarter.
3.65M subscribers in the international markets and 0.75M in the domestic market.
I believe seasonality and competitive launches will underwhelm growth and guidance in the current quarter.
Companies like Amazon, Apple and Pay-TV Stocks like Time Warner have begun to take back some market share.
Notably, the strength of Game of Thrones on HBO and others has drawn consumers.
The company's high content costs and international expansion should continue and dampen seasonal profits.
I'm starting Netflix with a $160 PT for the post-earnings move with a tight 10% move stop adjusted accordingly.
