Wonder if they made any money off of it...
I don't have a chance to make it to Vegas this weekend.WestTexAg12 said:Ragoo said:oh?khkman22 said:
Picked up a $300 NFLX put at $.94 expiring tomorrow.
Reasoning?
Haha definitely ballsy, like throwing down money on black as soon as you walk in the door to a casinokhkman22 said:I don't have a chance to make it to Vegas this weekend.WestTexAg12 said:Ragoo said:oh?khkman22 said:
Picked up a $300 NFLX put at $.94 expiring tomorrow.
Reasoning?
horn high yo!!!gougler08 said:Haha definitely ballsy, like throwing down money on black as soon as you walk in the door to a casinokhkman22 said:I don't have a chance to make it to Vegas this weekend.WestTexAg12 said:Ragoo said:oh?khkman22 said:
Picked up a $300 NFLX put at $.94 expiring tomorrow.
Reasoning?
Ragoo said:horn high yo!!!gougler08 said:Haha definitely ballsy, like throwing down money on black as soon as you walk in the door to a casinokhkman22 said:I don't have a chance to make it to Vegas this weekend.WestTexAg12 said:Ragoo said:oh?khkman22 said:
Picked up a $300 NFLX put at $.94 expiring tomorrow.
Reasoning?
After the girls go to Disney we need a guys trip.
Revenue down but EPS up...may keep it about the same unless guidance is crazy one way or the otherPrognightmare said:
NFLX missed on revenue
It's all about guidance going forward
gougler08 said:
Or not, down we go
That guidance did not help our team.Quote:
Netflix Sees Q1 EPS $0.56 May Not Compare To $0.83 Est., Sales $4.49B vs $4.61B Est.
Benzinga Hot Stories
The way they now report new subscribers is a better method. They also exceeded new subscriber growth even with the new way of reporting. This, combined with the increase in rates is a positive for the stock. I wouldn't be surprised to see this rally tomorrow, even if it opens down big. JMOQuote:
Netflix adds 8.8 million new subscribers in fourth quarter, ahead of subscription-price increase
Netflix Inc. added more new subscribers than expected in the holiday season, but shares still declined after the company released its earnings report Thursday afternoon.
Netflix (NFLX) shares fell about 3% in immediate after-hours trading following the report's release. Netflix produced more profit than expected in addition to the subscriber beat, though revenue came up just a bit shy of analysts' expectations.
Netflix reported 8.8 million new paid subscriptions, after a change to the way it reports customer additions to stop counting free trial memberships as new subscriptions (http://www.marketwatch.com/story/netflix-is-ditching-freeloaders-from-subscriber-forecasts-after-volatile-stock-moves-2018-10-16). Analysts on average expected Netflix to report about 7.5 million new paid subscribers on average, according to FactSet. Netflix has had trouble accurately forecasting subscriber additions, overestimating growth in its second-quarter forecast (http://www.marketwatch.com/story/netflix-stock-slammed-after-second-quarter-subscriber-numbers-and-revenue-fall-short-2018-07-16) and coming up far short in its third-quarter projection (http://www.marketwatch.com/story/netflix-earnings-send-stock-surging-suggest-huge-decline-was-an-aberration-2018-10-16), leading to big swings in its stock price after those reports.
Netflix reported net income of $133.9 million, or 30 cents a share, on sales of $4.19 billion, after recording earnings of 41 cents a share on sales of $3.29 billion a year ago. Analysts on average expected earnings of 24 cents a share on sales of $4.21 billion, according to FactSet. Netflix forecast for earnings of 23 cents a share on sales of $4.2 billion.
"I think the numbers are pretty damn good, I guess I'm a little more forgiving than Wall Street," Forrester analyst Jim Nail said Thursday afternoon.
More: Netflix thinks 'Fortnite' is a bigger competitor than other streaming services (http://www.marketwatch.com/story/netflix-thinks-fortnite-is-a-bigger-competitor-than-hbo-2019-01-17)
"They had more net adds in Q4 this year than they had last year, they're now approaching 50% penetration of U.S. TV households," Nail pointed out. "They're still growing faster than they did last year, and that's pretty damn good."
Netflix reported earnings just three days after confirming the biggest price increase for its subscription service (http://www.marketwatch.com/story/netflix-raising-cost-to-13-a-month-its-biggest-hike-ever-2019-01-15) since the company split that offering from the DVD-by-mail business that originally made Netflix a household name. The last time Netflix increased prices, in late 2017, subscriber numbers did not take a hit -- in fact, they demolished expectations (http://www.marketwatch.com/story/netflix-earnings-to-give-clues-about-effects-of-price-increase-live-blog-2018-01-22) for two quarters (http://www.marketwatch.com/story/netflix-is-growing-even-faster-and-streaming-to-record-profit-totals-2018-04-16) in a row.
Asked for his first public comment on the price increase during Netflix's earnings "interview" Thursday, Chief Executive Reed Hastings immediately passed the question to Chief Product Officer Greg Peters.
"We think our job is to effectively invest the money that our subscribers give us every month so that we can give them incredible content and a better and better product experience," Peters said. "And if we do that well, we create more value for our subscribers and then occasionally we'll come to them and we'll ask for a little bit more money so that we can actually start that next cycle of investment."
Prognightmare said:
From the conference call:The way they now report new subscribers is a better method. They also exceeded new subscriber growth even with the new way of reporting. This, combined with the increase in rates is a positive for the stock. I wouldn't be surprised to see this rally tomorrow, even if it opens down big. JMOQuote:
Netflix adds 8.8 million new subscribers in fourth quarter, ahead of subscription-price increase
Netflix Inc. added more new subscribers than expected in the holiday season, but shares still declined after the company released its earnings report Thursday afternoon.
Netflix (NFLX) shares fell about 3% in immediate after-hours trading following the report's release. Netflix produced more profit than expected in addition to the subscriber beat, though revenue came up just a bit shy of analysts' expectations.
Netflix reported 8.8 million new paid subscriptions, after a change to the way it reports customer additions to stop counting free trial memberships as new subscriptions (http://www.marketwatch.com/story/netflix-is-ditching-freeloaders-from-subscriber-forecasts-after-volatile-stock-moves-2018-10-16). Analysts on average expected Netflix to report about 7.5 million new paid subscribers on average, according to FactSet. Netflix has had trouble accurately forecasting subscriber additions, overestimating growth in its second-quarter forecast (http://www.marketwatch.com/story/netflix-stock-slammed-after-second-quarter-subscriber-numbers-and-revenue-fall-short-2018-07-16) and coming up far short in its third-quarter projection (http://www.marketwatch.com/story/netflix-earnings-send-stock-surging-suggest-huge-decline-was-an-aberration-2018-10-16), leading to big swings in its stock price after those reports.
Netflix reported net income of $133.9 million, or 30 cents a share, on sales of $4.19 billion, after recording earnings of 41 cents a share on sales of $3.29 billion a year ago. Analysts on average expected earnings of 24 cents a share on sales of $4.21 billion, according to FactSet. Netflix forecast for earnings of 23 cents a share on sales of $4.2 billion.
"I think the numbers are pretty damn good, I guess I'm a little more forgiving than Wall Street," Forrester analyst Jim Nail said Thursday afternoon.
More: Netflix thinks 'Fortnite' is a bigger competitor than other streaming services (http://www.marketwatch.com/story/netflix-thinks-fortnite-is-a-bigger-competitor-than-hbo-2019-01-17)
"They had more net adds in Q4 this year than they had last year, they're now approaching 50% penetration of U.S. TV households," Nail pointed out. "They're still growing faster than they did last year, and that's pretty damn good."
Netflix reported earnings just three days after confirming the biggest price increase for its subscription service (http://www.marketwatch.com/story/netflix-raising-cost-to-13-a-month-its-biggest-hike-ever-2019-01-15) since the company split that offering from the DVD-by-mail business that originally made Netflix a household name. The last time Netflix increased prices, in late 2017, subscriber numbers did not take a hit -- in fact, they demolished expectations (http://www.marketwatch.com/story/netflix-earnings-to-give-clues-about-effects-of-price-increase-live-blog-2018-01-22) for two quarters (http://www.marketwatch.com/story/netflix-is-growing-even-faster-and-streaming-to-record-profit-totals-2018-04-16) in a row.
Asked for his first public comment on the price increase during Netflix's earnings "interview" Thursday, Chief Executive Reed Hastings immediately passed the question to Chief Product Officer Greg Peters.
"We think our job is to effectively invest the money that our subscribers give us every month so that we can give them incredible content and a better and better product experience," Peters said. "And if we do that well, we create more value for our subscribers and then occasionally we'll come to them and we'll ask for a little bit more money so that we can actually start that next cycle of investment."
Prognightmare said:
Gap on NFLX? Or what OA?
I would agree except they're ramping up original programming. They've produced some damn good original content and if they hit on a Soprano's or GOT, that will attract more subscribers. Plus, cord cutting is also accelerating. JMORanger222 said:
Don't see the attractiveness of Netflix longterm unless you are playing for a buyout...they are just burning an insane amount of cash and growth looks to be peaking/slowing down. That's just me.
I wouldn't buy and hold the stock at these levels because I don't see an immediate catalyst to propel it back to 400. However, we get a massive selloff and this stock goes on sale, I'll buy it for nice trade.Ranger222 said:
I agree that they have put out impressive content...but Disney pulling off their content and if NBC decides at some point to pull off The Office, Parks and Rec and Friends...will be interesting to see how they wade the waters of increased competition. The money burn is the scariest thing for me. Bigger gamble then people realize imho.
I don't watch them either, but I read news voraciously. Yes, they had a lot of their content winning awards.IrishTxAggie said:
I don't watch award shows, but wasn't a lot of their content at the globes or emmys nominated or won?
i am holding from about $102Prognightmare said:I wouldn't buy and hold the stock at these levels because I don't see an immediate catalyst to propel it back to 400. However, we get a massive selloff and this stock goes on sale, I'll buy it for nice trade.Ranger222 said:
I agree that they have put out impressive content...but Disney pulling off their content and if NBC decides at some point to pull off The Office, Parks and Rec and Friends...will be interesting to see how they wade the waters of increased competition. The money burn is the scariest thing for me. Bigger gamble then people realize imho.
Read my notes from the conference call that I posted above on this page. The "disappointing" subscriber growth was actually good and they exceeded expectations. The street had a "whisper number" that they wanted to see. However, NFLX used to count "free trials" as new subscribers, they no longer do that and they still exceeded expectations this qtr. The overall call was really positive and with increasing their rates per user, I'd say the qtr and guidance was solid.Ragoo said:
Nflx is already back to down only $3.40.
And I wouldn't sell that. I was speaking from a trading angle, not a B&H perspective.Ragoo said:i am holding from about $102Prognightmare said:I wouldn't buy and hold the stock at these levels because I don't see an immediate catalyst to propel it back to 400. However, we get a massive selloff and this stock goes on sale, I'll buy it for nice trade.Ranger222 said:
I agree that they have put out impressive content...but Disney pulling off their content and if NBC decides at some point to pull off The Office, Parks and Rec and Friends...will be interesting to see how they wade the waters of increased competition. The money burn is the scariest thing for me. Bigger gamble then people realize imho.
Ragoo said:i am holding from about $102Prognightmare said:I wouldn't buy and hold the stock at these levels because I don't see an immediate catalyst to propel it back to 400. However, we get a massive selloff and this stock goes on sale, I'll buy it for nice trade.Ranger222 said:
I agree that they have put out impressive content...but Disney pulling off their content and if NBC decides at some point to pull off The Office, Parks and Rec and Friends...will be interesting to see how they wade the waters of increased competition. The money burn is the scariest thing for me. Bigger gamble then people realize imho.