$Netflix(NFLX)$ the result exploded again. Its stock price plumped 25% after the last earnings, and I didn't expect that appear again. The paid memberships saw the first decline since 2011 with a net loss of 0.2 million. And the worst part is that management said a continued decline of 2 million in the second quarter, which is 10 times in the first quarter!
The following articles describe about Netflix's earnings, please read below:
Netflix Shares Fell 25%, Losing Subscribers Amid Growing Competition, Account Sharing
[PDF]Netflix Shareholder Letter
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Reward 50 Tiger-coins
Comments
My opinion: NFLX is a long term investment.