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2023-05-25

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2023-01-21

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"In Its Infancy": Netflix Boss Bullish on Streaming’s Outlook

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Corp(NVDA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970782032","isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952066519,"gmtCreate":1674267896531,"gmtModify":1676538934562,"author":{"id":"4121861606428742","authorId":"4121861606428742","name":"KinLeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4121861606428742","authorIdStr":"4121861606428742"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952066519","repostId":"2304608589","repostType":2,"repost":{"id":"2304608589","pubTimestamp":1674183122,"share":"https://ttm.financial/m/news/2304608589?lang=&edition=fundamental","pubTime":"2023-01-20 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Greg Peters the chief operating officer will be promoted to co-chief executive, alongside Ted Sarandos.</p><p>“We IPO’d at about $US1. Hopefully, some of you have held the stock for 21 years,” Mr Hastings said.</p><p>“To go from DVD service to streaming leader in films and television and emerging games with over 230 million members is a good start. Honestly, we dream of the whole world finding their favourite entertainment on Netflix.”</p><h2>Competition for subscribers</h2><p>Over 2022 the business posted earnings per share (EPS) down 12.7 per cent to $US10.10 on revenues up 6.4 per cent to $US31.6 billion.</p><p>It guided for a first-quarter 2023 EPS of $US2.82, versus consensus forecasts of $US2.97 per share. EPS for the December quarter of US12¢ on profits of $US55 million missed expectations as it wrote off a $US462 million non-cash loss on Euro-denominated debt as the US dollar dropped over the quarter.</p><p>Management labelled 2022 a “tough year with a brighter finish”, which saw it amass 230.8 million paid subscribers, versus 221.9 million as at the end of 2021.</p><p>Net subscriber adds of 8.9 million over the year came at a marketing cost of $US2.54 billion, or around $US285 per subscriber.</p><p>“The consumer is moving to streaming, so the way they watch content on the internet, on-demand free of a linear schedule, that is a fundamental shift, and you’ve got to be where the consumer is,” said co-chief executive Mr Sarandos. “We’ve benefited from being a customer-first company, and we’ve also had this blessing of not having to unwind a traditional media business as we built this one.”</p><p>Since November, Netflix has offered budget-conscious US subscribers a service that includes advertising for $US6.99 per month instead of $US15.49 per month. Management said it is pleased with the strategic results, but did not break out ad-supported subscriber numbers.</p><p>Analysts speculated the ad-supported service boosted net subscribers by improving retention rates, although average revenue per membership fell 2 per cent year-on-year.</p><p>Netflix forecast revenue growth of 8 per cent in the first quarter of 2023 based on “modest” subscriber growth and a year-on-year lift in average revenue per member.</p><p>“This [content streaming] is really in its infancy,” Mr Sarandos said. “As big as we’ve become in the US, we’re about 8 per cent of TV time still. So, it’s an enormous amount of growth ahead even in markets where we’re very well established. That’s the key for us.”</p><p>Management also flagged an accelerated clampdown on households sharing passwords, which may result in higher short-term cancellations. Over the long-term Netflix said it expects households to activate standalone accounts to improve total revenue in line with plan and pricing changes.</p><p>The stock plunged to $US170 over a horror first half of 2022 after the streamer reported net subscriber losses for the first time in 10 years and investors worried competition from the likes of Disney+, YouTube, Amazon Prime Video, Apple TV and local market players such as Stan (owned by Nine, parent of <i>AFR Weekend</i>) in Australia would end the Netflix fairytale.</p><p>Since then, shares have nearly doubled as the market cheers evidence Netflix can still grow subscribers over the long term.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"In Its Infancy\": Netflix Boss Bullish on Streaming’s Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"In Its Infancy\": Netflix Boss Bullish on Streaming’s Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-20 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/in-its-infancy-netflix-boss-bullish-on-streaming-s-outlook-20230120-p5ce5p><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Internet streaming trailblazer Netflix kicked off tech’s earnings season by thumping Wall Street’s expectations for subscriber growth on the back of popular new shows including Harry and Meghan and ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/in-its-infancy-netflix-boss-bullish-on-streaming-s-outlook-20230120-p5ce5p\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.afr.com/markets/equity-markets/in-its-infancy-netflix-boss-bullish-on-streaming-s-outlook-20230120-p5ce5p","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2304608589","content_text":"Internet streaming trailblazer Netflix kicked off tech’s earnings season by thumping Wall Street’s expectations for subscriber growth on the back of popular new shows including Harry and Meghan and Wednesday and films such as Glass Onion.Shares firmed 7.12 per cent in after-hours market trading to $US338.27, after the company reported December-quarter net subscriber adds of 7.7 million, versus 4.6 million expected.Netflix co-founder Reed Hastings is stepping down from his co-CEO role but will stay with the business as executive chairman.  Wolter PeetersCo-founder, co-chief executive and internet streaming apostle Reed Hastings also said he would leave his positions, but remain as executive chairman. Greg Peters the chief operating officer will be promoted to co-chief executive, alongside Ted Sarandos.“We IPO’d at about $US1. Hopefully, some of you have held the stock for 21 years,” Mr Hastings said.“To go from DVD service to streaming leader in films and television and emerging games with over 230 million members is a good start. Honestly, we dream of the whole world finding their favourite entertainment on Netflix.”Competition for subscribersOver 2022 the business posted earnings per share (EPS) down 12.7 per cent to $US10.10 on revenues up 6.4 per cent to $US31.6 billion.It guided for a first-quarter 2023 EPS of $US2.82, versus consensus forecasts of $US2.97 per share. EPS for the December quarter of US12¢ on profits of $US55 million missed expectations as it wrote off a $US462 million non-cash loss on Euro-denominated debt as the US dollar dropped over the quarter.Management labelled 2022 a “tough year with a brighter finish”, which saw it amass 230.8 million paid subscribers, versus 221.9 million as at the end of 2021.Net subscriber adds of 8.9 million over the year came at a marketing cost of $US2.54 billion, or around $US285 per subscriber.“The consumer is moving to streaming, so the way they watch content on the internet, on-demand free of a linear schedule, that is a fundamental shift, and you’ve got to be where the consumer is,” said co-chief executive Mr Sarandos. “We’ve benefited from being a customer-first company, and we’ve also had this blessing of not having to unwind a traditional media business as we built this one.”Since November, Netflix has offered budget-conscious US subscribers a service that includes advertising for $US6.99 per month instead of $US15.49 per month. Management said it is pleased with the strategic results, but did not break out ad-supported subscriber numbers.Analysts speculated the ad-supported service boosted net subscribers by improving retention rates, although average revenue per membership fell 2 per cent year-on-year.Netflix forecast revenue growth of 8 per cent in the first quarter of 2023 based on “modest” subscriber growth and a year-on-year lift in average revenue per member.“This [content streaming] is really in its infancy,” Mr Sarandos said. “As big as we’ve become in the US, we’re about 8 per cent of TV time still. So, it’s an enormous amount of growth ahead even in markets where we’re very well established. That’s the key for us.”Management also flagged an accelerated clampdown on households sharing passwords, which may result in higher short-term cancellations. Over the long-term Netflix said it expects households to activate standalone accounts to improve total revenue in line with plan and pricing changes.The stock plunged to $US170 over a horror first half of 2022 after the streamer reported net subscriber losses for the first time in 10 years and investors worried competition from the likes of Disney+, YouTube, Amazon Prime Video, Apple TV and local market players such as Stan (owned by Nine, parent of AFR Weekend) in Australia would end the Netflix fairytale.Since then, shares have nearly doubled as the market cheers evidence Netflix can still grow subscribers over the long term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9970782032,"gmtCreate":1684978517726,"gmtModify":1684979279103,"author":{"id":"4121861606428742","authorId":"4121861606428742","name":"KinLeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4121861606428742","idStr":"4121861606428742"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$NVIDIA Corp(NVDA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970782032","isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952066519,"gmtCreate":1674267896531,"gmtModify":1676538934562,"author":{"id":"4121861606428742","authorId":"4121861606428742","name":"KinLeong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4121861606428742","idStr":"4121861606428742"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952066519","repostId":"2304608589","repostType":2,"repost":{"id":"2304608589","pubTimestamp":1674183122,"share":"https://ttm.financial/m/news/2304608589?lang=&edition=fundamental","pubTime":"2023-01-20 10:52","market":"us","language":"en","title":"\"In Its Infancy\": Netflix Boss Bullish on Streaming’s Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2304608589","media":"The Australian Financial Review","summary":"Internet streaming trailblazer Netflix kicked off tech’s earnings season by thumping Wall Street’s e","content":"<html><head></head><body><p>Internet streaming trailblazer Netflix kicked off tech’s earnings season by thumping Wall Street’s expectations for subscriber growth on the back of popular new shows including <i>Harry and Meghan </i>and <i>Wednesday</i> and films such as <i>Glass Onion</i>.</p><p>Shares firmed 7.12 per cent in after-hours market trading to $US338.27, after the company reported December-quarter net subscriber adds of 7.7 million, versus 4.6 million expected.</p><p><img src=\"https://static.tigerbbs.com/565f2e030edb21421f16a77dd22519b7\" tg-width=\"620\" tg-height=\"349\" referrerpolicy=\"no-referrer\"/></p><p>Netflix co-founder Reed Hastings is stepping down from his co-CEO role but will stay with the business as executive chairman.  Wolter Peeters</p><p>Co-founder, co-chief executive and internet streaming apostle Reed Hastings also said he would leave his positions, but remain as executive chairman. Greg Peters the chief operating officer will be promoted to co-chief executive, alongside Ted Sarandos.</p><p>“We IPO’d at about $US1. Hopefully, some of you have held the stock for 21 years,” Mr Hastings said.</p><p>“To go from DVD service to streaming leader in films and television and emerging games with over 230 million members is a good start. Honestly, we dream of the whole world finding their favourite entertainment on Netflix.”</p><h2>Competition for subscribers</h2><p>Over 2022 the business posted earnings per share (EPS) down 12.7 per cent to $US10.10 on revenues up 6.4 per cent to $US31.6 billion.</p><p>It guided for a first-quarter 2023 EPS of $US2.82, versus consensus forecasts of $US2.97 per share. EPS for the December quarter of US12¢ on profits of $US55 million missed expectations as it wrote off a $US462 million non-cash loss on Euro-denominated debt as the US dollar dropped over the quarter.</p><p>Management labelled 2022 a “tough year with a brighter finish”, which saw it amass 230.8 million paid subscribers, versus 221.9 million as at the end of 2021.</p><p>Net subscriber adds of 8.9 million over the year came at a marketing cost of $US2.54 billion, or around $US285 per subscriber.</p><p>“The consumer is moving to streaming, so the way they watch content on the internet, on-demand free of a linear schedule, that is a fundamental shift, and you’ve got to be where the consumer is,” said co-chief executive Mr Sarandos. “We’ve benefited from being a customer-first company, and we’ve also had this blessing of not having to unwind a traditional media business as we built this one.”</p><p>Since November, Netflix has offered budget-conscious US subscribers a service that includes advertising for $US6.99 per month instead of $US15.49 per month. Management said it is pleased with the strategic results, but did not break out ad-supported subscriber numbers.</p><p>Analysts speculated the ad-supported service boosted net subscribers by improving retention rates, although average revenue per membership fell 2 per cent year-on-year.</p><p>Netflix forecast revenue growth of 8 per cent in the first quarter of 2023 based on “modest” subscriber growth and a year-on-year lift in average revenue per member.</p><p>“This [content streaming] is really in its infancy,” Mr Sarandos said. “As big as we’ve become in the US, we’re about 8 per cent of TV time still. So, it’s an enormous amount of growth ahead even in markets where we’re very well established. That’s the key for us.”</p><p>Management also flagged an accelerated clampdown on households sharing passwords, which may result in higher short-term cancellations. Over the long-term Netflix said it expects households to activate standalone accounts to improve total revenue in line with plan and pricing changes.</p><p>The stock plunged to $US170 over a horror first half of 2022 after the streamer reported net subscriber losses for the first time in 10 years and investors worried competition from the likes of Disney+, YouTube, Amazon Prime Video, Apple TV and local market players such as Stan (owned by Nine, parent of <i>AFR Weekend</i>) in Australia would end the Netflix fairytale.</p><p>Since then, shares have nearly doubled as the market cheers evidence Netflix can still grow subscribers over the long term.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"In Its Infancy\": Netflix Boss Bullish on Streaming’s Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"In Its Infancy\": Netflix Boss Bullish on Streaming’s Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-20 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/in-its-infancy-netflix-boss-bullish-on-streaming-s-outlook-20230120-p5ce5p><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Internet streaming trailblazer Netflix kicked off tech’s earnings season by thumping Wall Street’s expectations for subscriber growth on the back of popular new shows including Harry and Meghan and ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/in-its-infancy-netflix-boss-bullish-on-streaming-s-outlook-20230120-p5ce5p\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.afr.com/markets/equity-markets/in-its-infancy-netflix-boss-bullish-on-streaming-s-outlook-20230120-p5ce5p","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2304608589","content_text":"Internet streaming trailblazer Netflix kicked off tech’s earnings season by thumping Wall Street’s expectations for subscriber growth on the back of popular new shows including Harry and Meghan and Wednesday and films such as Glass Onion.Shares firmed 7.12 per cent in after-hours market trading to $US338.27, after the company reported December-quarter net subscriber adds of 7.7 million, versus 4.6 million expected.Netflix co-founder Reed Hastings is stepping down from his co-CEO role but will stay with the business as executive chairman.  Wolter PeetersCo-founder, co-chief executive and internet streaming apostle Reed Hastings also said he would leave his positions, but remain as executive chairman. Greg Peters the chief operating officer will be promoted to co-chief executive, alongside Ted Sarandos.“We IPO’d at about $US1. Hopefully, some of you have held the stock for 21 years,” Mr Hastings said.“To go from DVD service to streaming leader in films and television and emerging games with over 230 million members is a good start. Honestly, we dream of the whole world finding their favourite entertainment on Netflix.”Competition for subscribersOver 2022 the business posted earnings per share (EPS) down 12.7 per cent to $US10.10 on revenues up 6.4 per cent to $US31.6 billion.It guided for a first-quarter 2023 EPS of $US2.82, versus consensus forecasts of $US2.97 per share. EPS for the December quarter of US12¢ on profits of $US55 million missed expectations as it wrote off a $US462 million non-cash loss on Euro-denominated debt as the US dollar dropped over the quarter.Management labelled 2022 a “tough year with a brighter finish”, which saw it amass 230.8 million paid subscribers, versus 221.9 million as at the end of 2021.Net subscriber adds of 8.9 million over the year came at a marketing cost of $US2.54 billion, or around $US285 per subscriber.“The consumer is moving to streaming, so the way they watch content on the internet, on-demand free of a linear schedule, that is a fundamental shift, and you’ve got to be where the consumer is,” said co-chief executive Mr Sarandos. “We’ve benefited from being a customer-first company, and we’ve also had this blessing of not having to unwind a traditional media business as we built this one.”Since November, Netflix has offered budget-conscious US subscribers a service that includes advertising for $US6.99 per month instead of $US15.49 per month. Management said it is pleased with the strategic results, but did not break out ad-supported subscriber numbers.Analysts speculated the ad-supported service boosted net subscribers by improving retention rates, although average revenue per membership fell 2 per cent year-on-year.Netflix forecast revenue growth of 8 per cent in the first quarter of 2023 based on “modest” subscriber growth and a year-on-year lift in average revenue per member.“This [content streaming] is really in its infancy,” Mr Sarandos said. “As big as we’ve become in the US, we’re about 8 per cent of TV time still. So, it’s an enormous amount of growth ahead even in markets where we’re very well established. That’s the key for us.”Management also flagged an accelerated clampdown on households sharing passwords, which may result in higher short-term cancellations. Over the long-term Netflix said it expects households to activate standalone accounts to improve total revenue in line with plan and pricing changes.The stock plunged to $US170 over a horror first half of 2022 after the streamer reported net subscriber losses for the first time in 10 years and investors worried competition from the likes of Disney+, YouTube, Amazon Prime Video, Apple TV and local market players such as Stan (owned by Nine, parent of AFR Weekend) in Australia would end the Netflix fairytale.Since then, shares have nearly doubled as the market cheers evidence Netflix can still grow subscribers over the long term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}