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Netflix Slumped Over 25% in Premarket Trading As It Saw Q2 Global Streaming Paid Net Losses of 2M Members

Tiger Newspress2022-04-20

Netflix slumped over 25% in premarket trading as it saw Q2global streaming paid net losses of2M members.Netflix said in its quarterly letter to investors: "For Q2'22, we forecast paid net additions of -2.0m vs. +1.5m in the year-ago quarter. Our forecast assumes our current trends persist (such as slow acquisition and the near-term impact of price changes) plus typical seasonality (Q2 paid net adds are usually less than Q1 paid net adds). We project revenue to grow approximately 10% year over year in Q2, assuming roughly a mid-to-high single-digit year-over-year increase in ARM on a F/X neutral basis. We still target a 19%-20% operating margin for the full year 2022, assuming no material swings in F/X rates from when we set this goal in January of 2022."

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Comment14

  • HengHuat
    ·2022-04-21
    Buy dip? 
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  • TeckV
    ·2022-04-20
    Don't catch falling knife..
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  • Sunshinekim
    ·2022-04-20
    Whew! Close call! Did not buy!
    Reply
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  • Garry Singh
    ·2022-04-20
    Sell and buy BABA.I don't know when people people realise Alibaba can becomes monsters in future.
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  • GggSlimeR
    ·2022-04-20
    Wow buy buy , Do not like 
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  • HENRYCSC
    ·2022-04-20
    Like 
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  • Yonhuat
    ·2022-04-20
    This one dig 4 feet under. Head to recover. 
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  • chusamin
    ·2022-04-20
    Toughhh
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  • 88wlam88
    ·2022-04-20
    Strong headwind ahead..
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  • Hayleypang
    ·2022-04-20
    Thanks
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  • yyhwin12345
    ·2022-04-20
    Hi
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  • Tinycub22
    ·2022-04-20
    As expected I think
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  • FannyNg
    ·2022-04-20
    That's like having a sale. Buy for long term.😃
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  • Andrewinho
    ·2022-04-20
    😱😱😱
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