Profile - To The Moon

mitsui

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- mitsuimitsui
  ·11-25
  $Coinbase Global, Inc.(COIN)$
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- mitsuimitsui
  ·2022-03-10
  nice i am an executive
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- mitsuimitsui
  ·2021-04-23
  $Coinbase Global, Inc.(COIN)$L
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- mitsuimitsui
  ·2021-04-16
  oooof
  Zoom Stock: What's The Outlook Once COVID Wanes
  Summary Zoom's share price was up close to +400% in 2020, but its stock price has declined by -2% y
  Zoom Stock: What's The Outlook Once COVID Wanes
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- mitsuimitsui
  ·2021-04-16
  very cool
  Australia finds Google misled customers over data collection - regulator
  April 16 (Reuters) - Australia's federal court found Alphabet Inc's Google misled consumers about pe
  Australia finds Google misled customers over data collection - regulator
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- mitsuimitsui
  ·2021-04-16
  coolcool
  Dow jumps 300 points to top 34,000 for the first time amid blowout economic data
  U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fr
  Dow jumps 300 points to top 34,000 for the first time amid blowout economic data
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- mitsuimitsui
  ·2021-04-16
  $Coinbase Global, Inc.(COIN)$tears indeed
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- mitsuimitsui
  ·2021-04-16
  owowz
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- mitsuimitsui
  ·2021-04-16
  wow
  Netflix Stock: Company Looking To Adjust Longstanding Strategies As Rival Streamers Gain Ground
  Summary Netflix has seen its streaming rivals continually gain ground in the past few months prompt
  Netflix Stock: Company Looking To Adjust Longstanding Strategies As Rival Streamers Gain Ground
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href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Coinbase Global, Inc.(COIN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374834976550952","isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038498128,"gmtCreate":1646879516294,"gmtModify":1676534173056,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"nice i am an executive","listText":"nice i am an executive","text":"nice i am an executive","images":[{"img":"https://static.itradeup.com/news/db8e0226a91909f3c1245790359cf815","width":"750","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038498128","isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376479688,"gmtCreate":1619145270544,"gmtModify":1704720335808,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>L","listText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>L","text":"$Coinbase Global, Inc.(COIN)$L","images":[{"img":"https://static.tigerbbs.com/525a92f4cb5f5da1476e640cdfa31fa4","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/376479688","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3580609891657789","authorId":"3580609891657789","name":"若水陌语","avatar":"https://static.tigerbbs.com/13cdf6747de75f0a949bd2a75c2e3d38","crmLevel":1,"crmLevelSwitch":0,"idStr":"3580609891657789","authorIdStr":"3580609891657789"},"content":"The price is similar to yours. Do you have any additional positions? I don't dare to add it. I'm going to wait","text":"The price is similar to yours. Do you have any additional positions? I don't dare to add it. I'm going to wait","html":"The price is similar to yours. Do you have any additional positions? I don't dare to add it. I'm going to wait"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":370984330,"gmtCreate":1618543944120,"gmtModify":1704712497988,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"oooof","listText":"oooof","text":"oooof","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370984330","repostId":"1117277782","repostType":4,"repost":{"id":"1117277782","kind":"news","pubTimestamp":1618539309,"share":"https://ttm.financial/m/news/1117277782?lang=&edition=fundamental","pubTime":"2021-04-16 10:15","market":"us","language":"en","title":"Zoom Stock: What's The Outlook Once COVID Wanes","url":"https://stock-news.laohu8.com/highlight/detail?id=1117277782","media":"seekingalpha","summary":"Summary\n\nZoom's share price was up close to +400% in 2020, but its stock price has declined by -2% y","content":"<p><b>Summary</b></p>\n<ul>\n <li>Zoom's share price was up close to +400% in 2020, but its stock price has declined by -2% year-to-date in 2021.</li>\n <li>Zoom currently trades at consensus forward FY 2022 (YE January 31) Enterprise Value-to-Revenue and EV/EBITDA multiples of 24.3 times and 77.5 times, respectively.</li>\n <li>ZM's top line and bottom line growth is expected to slow considerably this year, with the churn rate of&nbsp;its customer cohort with under 10 staff being a key downside risk.</li>\n <li>I am positive on Zoom's medium to long-term growth drivers like international expansion and Zoom Phone.</li>\n <li>But I think Zoom is a HOLD rather than a BUY, as valuations seem rich on an absolute basis, and the company's revenue growth this year could possibly be below expectations.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf695f0ee4625d58a734edbfe6cb7430\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Luis Alvarez/DigitalVision via Getty Images</span></p>\n<p><b>Elevator Pitch</b></p>\n<p>I assign a Neutral rating to Zoom Video Communications, Inc (ZM).</p>\n<p>Zoom's share price was up close to +400% in 2020, but its stock price has declined by -2% year-to-date in 2021. The slowdown in ZM's QoQ revenue growth in the most recent quarter could explain why the company's share price performance has been lackluster this year.</p>\n<p>Zoom currently trades at consensus forward FY 2022 (YE January 31) Enterprise Value-to-Revenue and EV/EBITDA multiples of 24.3 times and 77.5 times, respectively. ZM's current valuations are not demanding on a relative basis as compared to peers, but the valuation de-rating of the technology sector might have just begun as investors switch to reopening plays in view of the ongoing vaccine roll-out program.</p>\n<p>ZM's top line and bottom line growth is expected to slow considerably this year, with the churn rate of its customer cohort with under 10 staff being a key downside risk factor. Also valuations seem rich on an absolute basis, and the company's revenue growth this year could possibly be below expectations. On the flip side, I am positive on Zoom's medium to long term growth drivers like international expansion and Zoom Phone.</p>\n<p>Taking into account all the factors highlighted above, I think that Zoom deserves a Neutral rating.</p>\n<p><b>Company Description</b></p>\n<p>In its FY 2021 10-K, Zoom Video Communications, Inc&nbsp;refers to itself&nbsp;as a provider of \"a video-first unified communications platform\" which helps to \"connect people through frictionless and secure video, phone, chat, and content sharing.\" The company's key products include Zoom Meetings, Zoom Rooms and Zoom Phone, which are detailed below.</p>\n<p><img src=\"https://static.tigerbbs.com/b2ce8a0468e9ba4263d742190a82d70e\" tg-width=\"640\" tg-height=\"140\"><img src=\"https://static.tigerbbs.com/ca6f50d9ee74057e4a22fda98241529c\" tg-width=\"640\" tg-height=\"125\"><img src=\"https://static.tigerbbs.com/cfb55bbf89d56bb0584a5599b0453bb9\" tg-width=\"640\" tg-height=\"298\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4acfd03336743c0393a66d394665c36\" tg-width=\"640\" tg-height=\"309\"><span>Source: Zoom's FY 2021 10-K And October 2020 Analyst Day Presentation Slides</span></p>\n<p>The Americas, EMEA (Europe, the Middle East and Africa), and Asia-Pacific regions contributed&nbsp;69%, 18% and 13%&nbsp;of Zoom's FY 2021 top line.</p>\n<p><b>Zoom Stock Price</b></p>\n<p>2020 was a great year for Zoom with regards to share price performance, but the stock is still delivering negative share price returns in 2021 year-to-date.</p>\n<p>ZM's share price almost quintupled from $68.04 as of the last day of 2019 to&nbsp;$337.32&nbsp;as of end-2020. Notably, Zoom Video Communications, Inc's stock price reached an all-time high of $568.34 on October 19, 2020. Earlier, Zoom held its\"annual user conference\"known as Zoomtopia on October 14, 2020 where it disclosed updates to the Zoom platform, which led to a number of sell-side analysts&nbsp;increasing their respective target pricesfor the stock.</p>\n<p>However, Zoom's share price subsequently dropped by -41% to close at $337.32 as of December 31, 2020, aspositive news flow on vaccine development&nbsp;since November 2020 continued to put pressure on the share prices of Work-From-Home or WFH beneficiaries like ZM. The downward trend in Zoom's stock price continued into 2021, as ZM's stock price declined marginally by -2% from $337.32 as of December 31, 2020 to $329.20 as of April 14, 2021.</p>\n<p>Although Zoom's stock price rose by +10% from $373.61 as of February 26, 2021 to $409.66 as of March 1, 2021 prior to the company's&nbsp;release of 4Q FY 2021 results&nbsp;on the same day after trading hours. But ZM's share price fell by -9% to $372.79 as of March 2, 2021 a day after its results announcement.</p>\n<p>If one delves deeper into Zoom's 4Q FY 2021 financial results, it is easy to understand why Zoom's share price dropped on March 2, 2021, and subsequently declined by an additional -10% over the next one and a half months post-results to close at $329.20 as of April 14, 2021.</p>\n<p>Zoom Video Communications, Inc's revenue jumped by +369% YoY to $882 million in 4Q FY 2021, which was also +9% higher than market consensus' quarterly revenue forecast of around&nbsp;$811 million. But it is noteworthy that ZM's QoQ revenue growth narrowed from +17% in 3Q FY 2021 to +14% 4Q FY 2021. This also pales in comparison to Zoom's QoQ revenue growth rates of +102% and +74% for 2Q FY 2021 and 1Q FY 2021, respectively. The slowdown in QoQ top line expansion in the most recent quarter validates market concerns about WFH tailwinds easing for Zoom (when COVID wanes) to a large extent, which explains Zoom's poor share price performance post-results.</p>\n<p><b>Valuation</b></p>\n<p>Zoom Video Communications, Inc trades at 24.3 times consensus forward FY 2022 Enterprise Value-to-Revenue and 20.0 times consensus forward FY 2023 Enterprise Value-to-Revenue $329.20 as of April 14, 2021. The market also values the company at consensus forward FY 2022 and FY 2023 EV/EBITDA multiples of 77.5 times and 63.2 times, respectively. The company is expected to achieve revenue growth rates of +44% and +22% in the current fiscal year, and the next fiscal year, respectively according to S&amp;P Capital IQ data.</p>\n<p>ZM looks relatively more attractive on a forward EV/EBITDA basis, but its forward Enterprise Value-to-Revenue multiples and revenue growth rates are more or less in line with its peers. However, the valuations for Zoom and its peers are rather rich on an absolute basis, and there is no certainty that the de-rating for technology stocks and WFH beneficiaries has already run its full course.</p>\n<p><b>Peer Valuation Comparison For Zoom</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Stock</b></td>\n   <td><b>Consensus Current Year Enterprise Value-to-Revenue Multiple</b></td>\n   <td><b>Consensus Forward One-Year Enterprise Value-to-Revenue Multiple</b></td>\n   <td><b>Consensus Current Year EV/EBITDA</b></td>\n   <td><b>Consensus Forward One-Year EV/EBITDA</b></td>\n   <td><b>Consensus Current Year Revenue Growth Rate</b></td>\n   <td><b>Consensus Forward One-Year Revenue Growth Rate</b></td>\n  </tr>\n  <tr>\n   <td>Slack Technologies, Inc (WORK)</td>\n   <td>15</td>\n   <td>13</td>\n   <td>283</td>\n   <td>106</td>\n   <td>+30%</td>\n   <td>+28%</td>\n  </tr>\n  <tr>\n   <td>Twilio Inc (TWLO)</td>\n   <td>25</td>\n   <td>19</td>\n   <td>380</td>\n   <td>218</td>\n   <td>+38%</td>\n   <td>+31%</td>\n  </tr>\n  <tr>\n   <td>Atlassian Corporation Plc (TEAM)</td>\n   <td>28</td>\n   <td>24</td>\n   <td>108</td>\n   <td>94</td>\n   <td>+24%</td>\n   <td>+15%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Author</p>\n<p><b>Zoom Forecast In 2021</b></p>\n<p>Zoom Video Communications guided for revenue of&nbsp;$3,760-$3,780 million&nbsp;and non-GAAP core earnings per share of $3.59-$3.65 for calendar year 2021 or fiscal year 2022 (YE January 31). This translates to top line and bottom line growth of +42% and +8%, respectively this year, based on the mid-point of ZM's guidance.</p>\n<p>Sell-side analysts are more optimistic, as they expect Zoom to achieve revenue and normalized earnings growth of +44% and +12%, respectively in the current fiscal year. Nevertheless, it is not surprising that Zoom is not expected to grow as fast this year as it did last year with WFH tailwinds easing. As a reference, ZM's revenue increased by +326% in the most recent fiscal year, while its core earnings per share jumped by +854% last year.</p>\n<p>The key factor that will impact Zoom's financial performance this year is the churn rate for its customer cohort with less than 10 staff. The company's proportion of revenue derived from clients with under 10 staff doubled from 18% in FY 2020 to&nbsp;36%&nbsp;in FY 2021, which it attributed to \"business owners and individual users\" using \"Zoom for many personal, professional, and social events\" in its 10-K. In other words, ZM's customer cohort with less than 10 staff was a significant driver of revenue growth for the company last year, as compared to its customer cohort with more than 10 employees.</p>\n<p>Looking forward into the current fiscal year, I expect Zoom's churn rate for its customer cohort with less than 10 staff to be significantly higher than its customer cohort with more than 10 employees for two key reasons.</p>\n<p>Firstly, fewer individuals will use Zoom for social purposes as COVID wanes, and there is a higher risk of business failure for smaller companies vis-a-vis their larger counterparts. Secondly, Zoom adopts a \"self-service\" model for its customer cohort with less than 10 staff, while there are sales teams to support its customer cohort with more than 10 employees, which makes this group of clients relatively more sticky.</p>\n<p>In a nutshell, while ZM has set \"relatively modest\" growth target this year, there could still be room for disappointment (e.g. revenue miss), if COVID-19 is brought under control sooner than expected, and the churn rate for its customer cohort with less than 10 staff ends up higher than expected.</p>\n<p><b>Is Zoom Stock A Good Buy</b></p>\n<p>Zoom stock is a HOLD for me now, but it could be a good buy in the medium to long term if there is a further correction in ZM's share price implying more attractive valuations, and the company delivers on its growth strategies.</p>\n<p>Zoom Video Communications, Inc's key growth strategies are international expansion and increasing revenue from new products like Zoom Phone.</p>\n<p>The company only generated 31% of its FY 2021 revenue from international markets outside the Americas, but these foreign markets are growing fast. Revenue for the Asia Pacific and EMEA markets grew by&nbsp;+551% and +587%, respectively last year, while the top line for ZM's Americas region increased by a lower +266% over the same period. Zoom&nbsp;highlighted&nbsp;at the company's FY 2021 earnings call on March 1, 2021 that \"we intend to make additional investments in international resources to further capitalize on the global opportunity.\"</p>\n<p>Another key growth driver for Zoom in the medium term is Zoom Phone. In January 2021, ZM&nbsp;disclosed&nbsp;that \"it has sold one million Zoom Phone seats\" in less than two years of the product's launch. Based on my personal correspondence with the company, I was told that there are about hundreds of millions of commercial phones in the US running on legacy software that could potentially be migrating to cloud-based PBX (Private Branch Exchange) systems (like that of Zoom Phone) in time to come.</p>\n<p>Zoom also&nbsp;noted&nbsp;at the Morgan Stanley (MS) Technology, Media and Telecom Conference on March 3, 2021 that \"on a percentage basis, Zoom Phone has been our fastest-growing product line in Q3 and Q4\", and the company sees Zoom Phone as \"a percentage of growth basis to outpace (Zoom) Meetings (company's core product)\" in the current fiscal year.</p>\n<p>On the other hand, I am concerned that Zoom's revenue growth this year could disappoint the market, considering the possibility of a higher-than-expected churn rate for its customer cohort with less than 10 staff. As such, I see a Neutral rating for the stock as fair.</p>\n<p>Zoom Video Communications, Inc's key risk factors are a shorter-than-expected time taken for the coronavirus pandemic to be effectively contained, and poor execution on key growth initiatives like international expansion and the Zoom Phone.</p>","source":"seekingalpha","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>Zoom Stock: What's The Outlook Once COVID Wanes</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\">\nZoom Stock: What's The Outlook Once COVID Wanes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4419250-zoom-stock-overvalued-covid-wanes><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nZoom's share price was up close to +400% in 2020, but its stock price has declined by -2% year-to-date in 2021.\nZoom currently trades at consensus forward FY 2022 (YE January 31) Enterprise ...</p>\n\n<a href=\"https://seekingalpha.com/article/4419250-zoom-stock-overvalued-covid-wanes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://seekingalpha.com/article/4419250-zoom-stock-overvalued-covid-wanes","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117277782","content_text":"Summary\n\nZoom's share price was up close to +400% in 2020, but its stock price has declined by -2% year-to-date in 2021.\nZoom currently trades at consensus forward FY 2022 (YE January 31) Enterprise Value-to-Revenue and EV/EBITDA multiples of 24.3 times and 77.5 times, respectively.\nZM's top line and bottom line growth is expected to slow considerably this year, with the churn rate of its customer cohort with under 10 staff being a key downside risk.\nI am positive on Zoom's medium to long-term growth drivers like international expansion and Zoom Phone.\nBut I think Zoom is a HOLD rather than a BUY, as valuations seem rich on an absolute basis, and the company's revenue growth this year could possibly be below expectations.\n\nPhoto by Luis Alvarez/DigitalVision via Getty Images\nElevator Pitch\nI assign a Neutral rating to Zoom Video Communications, Inc (ZM).\nZoom's share price was up close to +400% in 2020, but its stock price has declined by -2% year-to-date in 2021. The slowdown in ZM's QoQ revenue growth in the most recent quarter could explain why the company's share price performance has been lackluster this year.\nZoom currently trades at consensus forward FY 2022 (YE January 31) Enterprise Value-to-Revenue and EV/EBITDA multiples of 24.3 times and 77.5 times, respectively. ZM's current valuations are not demanding on a relative basis as compared to peers, but the valuation de-rating of the technology sector might have just begun as investors switch to reopening plays in view of the ongoing vaccine roll-out program.\nZM's top line and bottom line growth is expected to slow considerably this year, with the churn rate of its customer cohort with under 10 staff being a key downside risk factor. Also valuations seem rich on an absolute basis, and the company's revenue growth this year could possibly be below expectations. On the flip side, I am positive on Zoom's medium to long term growth drivers like international expansion and Zoom Phone.\nTaking into account all the factors highlighted above, I think that Zoom deserves a Neutral rating.\nCompany Description\nIn its FY 2021 10-K, Zoom Video Communications, Inc refers to itself as a provider of \"a video-first unified communications platform\" which helps to \"connect people through frictionless and secure video, phone, chat, and content sharing.\" The company's key products include Zoom Meetings, Zoom Rooms and Zoom Phone, which are detailed below.\n\nSource: Zoom's FY 2021 10-K And October 2020 Analyst Day Presentation Slides\nThe Americas, EMEA (Europe, the Middle East and Africa), and Asia-Pacific regions contributed 69%, 18% and 13% of Zoom's FY 2021 top line.\nZoom Stock Price\n2020 was a great year for Zoom with regards to share price performance, but the stock is still delivering negative share price returns in 2021 year-to-date.\nZM's share price almost quintupled from $68.04 as of the last day of 2019 to $337.32 as of end-2020. Notably, Zoom Video Communications, Inc's stock price reached an all-time high of $568.34 on October 19, 2020. Earlier, Zoom held its\"annual user conference\"known as Zoomtopia on October 14, 2020 where it disclosed updates to the Zoom platform, which led to a number of sell-side analysts increasing their respective target pricesfor the stock.\nHowever, Zoom's share price subsequently dropped by -41% to close at $337.32 as of December 31, 2020, aspositive news flow on vaccine development since November 2020 continued to put pressure on the share prices of Work-From-Home or WFH beneficiaries like ZM. The downward trend in Zoom's stock price continued into 2021, as ZM's stock price declined marginally by -2% from $337.32 as of December 31, 2020 to $329.20 as of April 14, 2021.\nAlthough Zoom's stock price rose by +10% from $373.61 as of February 26, 2021 to $409.66 as of March 1, 2021 prior to the company's release of 4Q FY 2021 results on the same day after trading hours. But ZM's share price fell by -9% to $372.79 as of March 2, 2021 a day after its results announcement.\nIf one delves deeper into Zoom's 4Q FY 2021 financial results, it is easy to understand why Zoom's share price dropped on March 2, 2021, and subsequently declined by an additional -10% over the next one and a half months post-results to close at $329.20 as of April 14, 2021.\nZoom Video Communications, Inc's revenue jumped by +369% YoY to $882 million in 4Q FY 2021, which was also +9% higher than market consensus' quarterly revenue forecast of around $811 million. But it is noteworthy that ZM's QoQ revenue growth narrowed from +17% in 3Q FY 2021 to +14% 4Q FY 2021. This also pales in comparison to Zoom's QoQ revenue growth rates of +102% and +74% for 2Q FY 2021 and 1Q FY 2021, respectively. The slowdown in QoQ top line expansion in the most recent quarter validates market concerns about WFH tailwinds easing for Zoom (when COVID wanes) to a large extent, which explains Zoom's poor share price performance post-results.\nValuation\nZoom Video Communications, Inc trades at 24.3 times consensus forward FY 2022 Enterprise Value-to-Revenue and 20.0 times consensus forward FY 2023 Enterprise Value-to-Revenue $329.20 as of April 14, 2021. The market also values the company at consensus forward FY 2022 and FY 2023 EV/EBITDA multiples of 77.5 times and 63.2 times, respectively. The company is expected to achieve revenue growth rates of +44% and +22% in the current fiscal year, and the next fiscal year, respectively according to S&P Capital IQ data.\nZM looks relatively more attractive on a forward EV/EBITDA basis, but its forward Enterprise Value-to-Revenue multiples and revenue growth rates are more or less in line with its peers. However, the valuations for Zoom and its peers are rather rich on an absolute basis, and there is no certainty that the de-rating for technology stocks and WFH beneficiaries has already run its full course.\nPeer Valuation Comparison For Zoom\n\n\n\nStock\nConsensus Current Year Enterprise Value-to-Revenue Multiple\nConsensus Forward One-Year Enterprise Value-to-Revenue Multiple\nConsensus Current Year EV/EBITDA\nConsensus Forward One-Year EV/EBITDA\nConsensus Current Year Revenue Growth Rate\nConsensus Forward One-Year Revenue Growth Rate\n\n\nSlack Technologies, Inc (WORK)\n15\n13\n283\n106\n+30%\n+28%\n\n\nTwilio Inc (TWLO)\n25\n19\n380\n218\n+38%\n+31%\n\n\nAtlassian Corporation Plc (TEAM)\n28\n24\n108\n94\n+24%\n+15%\n\n\n\nSource: Author\nZoom Forecast In 2021\nZoom Video Communications guided for revenue of $3,760-$3,780 million and non-GAAP core earnings per share of $3.59-$3.65 for calendar year 2021 or fiscal year 2022 (YE January 31). This translates to top line and bottom line growth of +42% and +8%, respectively this year, based on the mid-point of ZM's guidance.\nSell-side analysts are more optimistic, as they expect Zoom to achieve revenue and normalized earnings growth of +44% and +12%, respectively in the current fiscal year. Nevertheless, it is not surprising that Zoom is not expected to grow as fast this year as it did last year with WFH tailwinds easing. As a reference, ZM's revenue increased by +326% in the most recent fiscal year, while its core earnings per share jumped by +854% last year.\nThe key factor that will impact Zoom's financial performance this year is the churn rate for its customer cohort with less than 10 staff. The company's proportion of revenue derived from clients with under 10 staff doubled from 18% in FY 2020 to 36% in FY 2021, which it attributed to \"business owners and individual users\" using \"Zoom for many personal, professional, and social events\" in its 10-K. In other words, ZM's customer cohort with less than 10 staff was a significant driver of revenue growth for the company last year, as compared to its customer cohort with more than 10 employees.\nLooking forward into the current fiscal year, I expect Zoom's churn rate for its customer cohort with less than 10 staff to be significantly higher than its customer cohort with more than 10 employees for two key reasons.\nFirstly, fewer individuals will use Zoom for social purposes as COVID wanes, and there is a higher risk of business failure for smaller companies vis-a-vis their larger counterparts. Secondly, Zoom adopts a \"self-service\" model for its customer cohort with less than 10 staff, while there are sales teams to support its customer cohort with more than 10 employees, which makes this group of clients relatively more sticky.\nIn a nutshell, while ZM has set \"relatively modest\" growth target this year, there could still be room for disappointment (e.g. revenue miss), if COVID-19 is brought under control sooner than expected, and the churn rate for its customer cohort with less than 10 staff ends up higher than expected.\nIs Zoom Stock A Good Buy\nZoom stock is a HOLD for me now, but it could be a good buy in the medium to long term if there is a further correction in ZM's share price implying more attractive valuations, and the company delivers on its growth strategies.\nZoom Video Communications, Inc's key growth strategies are international expansion and increasing revenue from new products like Zoom Phone.\nThe company only generated 31% of its FY 2021 revenue from international markets outside the Americas, but these foreign markets are growing fast. Revenue for the Asia Pacific and EMEA markets grew by +551% and +587%, respectively last year, while the top line for ZM's Americas region increased by a lower +266% over the same period. Zoom highlighted at the company's FY 2021 earnings call on March 1, 2021 that \"we intend to make additional investments in international resources to further capitalize on the global opportunity.\"\nAnother key growth driver for Zoom in the medium term is Zoom Phone. In January 2021, ZM disclosed that \"it has sold one million Zoom Phone seats\" in less than two years of the product's launch. Based on my personal correspondence with the company, I was told that there are about hundreds of millions of commercial phones in the US running on legacy software that could potentially be migrating to cloud-based PBX (Private Branch Exchange) systems (like that of Zoom Phone) in time to come.\nZoom also noted at the Morgan Stanley (MS) Technology, Media and Telecom Conference on March 3, 2021 that \"on a percentage basis, Zoom Phone has been our fastest-growing product line in Q3 and Q4\", and the company sees Zoom Phone as \"a percentage of growth basis to outpace (Zoom) Meetings (company's core product)\" in the current fiscal year.\nOn the other hand, I am concerned that Zoom's revenue growth this year could disappoint the market, considering the possibility of a higher-than-expected churn rate for its customer cohort with less than 10 staff. As such, I see a Neutral rating for the stock as fair.\nZoom Video Communications, Inc's key risk factors are a shorter-than-expected time taken for the coronavirus pandemic to be effectively contained, and poor execution on key growth initiatives like international expansion and the Zoom Phone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370984044,"gmtCreate":1618543921988,"gmtModify":1704712497665,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"very cool&nbsp;","listText":"very cool&nbsp;","text":"very cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370984044","repostId":"2127880691","repostType":4,"repost":{"id":"2127880691","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618539466,"share":"https://ttm.financial/m/news/2127880691?lang=&edition=fundamental","pubTime":"2021-04-16 10:17","market":"us","language":"en","title":"Australia finds Google misled customers over data collection - regulator","url":"https://stock-news.laohu8.com/highlight/detail?id=2127880691","media":"Reuters","summary":"April 16 (Reuters) - Australia's federal court found Alphabet Inc's Google misled consumers about pe","content":"<p>April 16 (Reuters) - Australia's federal court found Alphabet Inc's Google misled consumers about personal location data collected through Android mobile devices, the country's competition regulator said on Friday.</p>\n<p>The Australian Competition and Consumer Commission said the court found Google wrongly claimed it only collected information from the location history setting on users' devices between January 2017 and December 2018. </p>","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>Australia finds Google misled customers over data collection - regulator</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAustralia finds Google misled customers over data collection - regulator\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-16 10:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 16 (Reuters) - Australia's federal court found Alphabet Inc's Google misled consumers about personal location data collected through Android mobile devices, the country's competition regulator said on Friday.</p>\n<p>The Australian Competition and Consumer Commission said the court found Google wrongly claimed it only collected information from the location history setting on users' devices between January 2017 and December 2018. </p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127880691","content_text":"April 16 (Reuters) - Australia's federal court found Alphabet Inc's Google misled consumers about personal location data collected through Android mobile devices, the country's competition regulator said on Friday.\nThe Australian Competition and Consumer Commission said the court found Google wrongly claimed it only collected information from the location history setting on users' devices between January 2017 and December 2018.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370985103,"gmtCreate":1618543807402,"gmtModify":1704712497021,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"coolcool","listText":"coolcool","text":"coolcool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/370985103","repostId":"1184470866","repostType":4,"repost":{"id":"1184470866","kind":"news","pubTimestamp":1618530196,"share":"https://ttm.financial/m/news/1184470866?lang=&edition=fundamental","pubTime":"2021-04-16 07:43","market":"us","language":"en","title":"Dow jumps 300 points to top 34,000 for the first time amid blowout economic data","url":"https://stock-news.laohu8.com/highlight/detail?id=1184470866","media":"CNBC","summary":"U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fr","content":"<div>\n<p>U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.\nThe Dow Jones ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Dow jumps 300 points to top 34,000 for the first time amid blowout economic data</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nDow jumps 300 points to top 34,000 for the first time amid blowout economic data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.\nThe Dow Jones ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","AMZN":"亚马逊","NFLX":"奈飞",".SPX":"S&P 500 Index","COIN":"Coinbase Global, Inc.","AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1184470866","content_text":"U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.\nThe Dow Jones Industrial Average rose 305.10 points, or 0.9%, to a record close of 34,035.99, marking the first time the blue-chip benchmark has crossed the 34,000 milestone. The S&P 500 gained 1.1% to 4,170.42, also reaching a record high. The Nasdaq Composite advanced 1.3% to 14,038.76.\nTechnology shares rebounded as bond yields fell. The so-called FAANG stocks – Facebook, Amazon, Apple, Netflix and Alphabet – all climbed more than 1%. The 10-year Treasury yield dropped 8 basis points below 1.56%. Earlier in the year, higher rates caused investors to dump growth-oriented stocks.\nRetail sales surged 9.8% in March as additional stimulus sent consumer spending soaring, the Commerce Department reported Thursday. That number topped the Dow Jones estimate of a 6.1% gain.\nA separate report on Thursday showed that first-time filings for unemployment insurance dropped to the lowest level since March 2020. The Labor Department reported 576,000 new jobless claims for the week ended April 10. Economists polled by Dow Jones expected a total of 710,000.\n“Although 34,000 by itself is just another number, this is a monumental feat when you think back to where we were last year at this time,” said Ryan Detrick, chief market strategist at LPL Financial. “The speed and resiliency of this economic recovery is unlike anything we’ve ever seen and it helps to justify stocks at all-time highs.”\nShares of UnitedHealth, a Dow member, gained 3.8% after results topped the Street’s forecasts and the health insurer raised guidance for 2021.\nPepsi shares added 0.1% after the consumer snack and drink maker said sales last quarter rose nearly 7%, topping estimates.\nThe market has been grinding higher to reach new records in recent sessions amid the economic reopening and trillions of dollars in stimulus. The S&P 500 has gained 11% in 2021 with energy and financials up the most year to date.\n“I am incredibly bullish on the markets, and you are right to be worried about our deficits,” Larry Fink, BlackRock CEO, said in an interview on “Squawk Box.”“If we don’t have economic growth that is sustainable over the next 10 years — our deficits are going to matter and they are going to elevate interest rates ... I believe because of monetary stimulus, fiscal stimulus, cash on the sidelines, earnings, markets are okay. Markets are going to continue to be stronger.”\nShares of Citigroup erased earlier gains and fell 0.5% The bank posted results that beat analysts’ estimates for first-quarter profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nBank of America shares rose as earnings last quarter blew past the Street on booming trading and investment banking results as well the release of loan-loss reserves. The shares dipped 2.9%, however.\nNewly public crypto exchange Coinbase rolled over and closed the day down 1.7% in volatile trading. The stock got a boost earlier after it was revealed Ark Invest’s Cathie Wood loaded up on the first day of trading.\nOn Tuesday, the Food and Drug Administration called for a pause in administering J&J’s Covid-19 vaccine after six people in the U.S. developed a rare disorder involving blood clots. The announcement triggered a sell-off in reopening plays earlier in the week, but is not expected to have a material impact on the pace of the U.S. vaccine rollout.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370982594,"gmtCreate":1618543776018,"gmtModify":1704712496050,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>tears indeed","listText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>tears indeed","text":"$Coinbase Global, Inc.(COIN)$tears indeed","images":[{"img":"https://static.tigerbbs.com/a0846cdc1d2ee96ba61c87e2a43b7a25","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/370982594","isVote":1,"tweetType":1,"viewCount":657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":370982062,"gmtCreate":1618543729756,"gmtModify":1704712495402,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"owowz&nbsp;","listText":"owowz&nbsp;","text":"owowz","images":[{"img":"https://static.tigerbbs.com/4054493ca4f02d3ea57b9565efe12ad1","width":"750","height":"1708"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370982062","isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":370988453,"gmtCreate":1618543621872,"gmtModify":1704712493614,"author":{"id":"3568225093869310","authorId":"3568225093869310","name":"mitsui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568225093869310","authorIdStr":"3568225093869310"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370988453","repostId":"1119241855","repostType":4,"repost":{"id":"1119241855","kind":"news","pubTimestamp":1618542634,"share":"https://ttm.financial/m/news/1119241855?lang=&edition=fundamental","pubTime":"2021-04-16 11:10","market":"us","language":"en","title":"Netflix Stock: Company Looking To Adjust Longstanding Strategies As Rival Streamers Gain Ground","url":"https://stock-news.laohu8.com/highlight/detail?id=1119241855","media":"seekingalpha","summary":"Summary\n\nNetflix has seen its streaming rivals continually gain ground in the past few months prompt","content":"<p><b>Summary</b></p>\n<ul>\n <li>Netflix has seen its streaming rivals continually gain ground in the past few months prompting the company to re-evaluate a number of long-standing strategies.</li>\n <li>This isn’t Netflix’s first time fending off challengers and the company is acutely aware it will have to consistently make moves to stay on top.</li>\n <li>Netflix recently negotiated a deal with Sony that will result in it receiving more content sooner than before and also open the door to new partnerships with the studio.</li>\n <li>The streamer also utilized another “win-now” technique when it comes to its original films as instead of solely focusing on trying to create a new “it” franchise, it bought one.</li>\n <li>Netflix is also making moves on the TV side by adjusting its iconic “all-at-once” model and testing weekly batch drops of two popular reality shows – despite past pushback from subscribers.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85c5bcbd94b754eab4b27fa6819cac61\" tg-width=\"768\" tg-height=\"509\"><span>Photo by Christopher Ames/iStock Unreleased via Getty Images</span></p>\n<p>Never say never – even if you are Netflix (NASDAQ:NFLX)</p>\n<p>The streaming leader has come under heavy competition in the last few months from upstart rivals Disney+ (NYSE:DIS) and HBO Max (NYSE:T), while at the same time battling a newly revitalized Amazon Prime (NASDAQ:AMZN). However, this isn’t Netflix’s first time fending off challengers and let’s be realistic, it wasn’t like Netflix wasn’t aware it was going to have to consistently make moves to stay on top.</p>\n<p>This time though it’s a bit different because of the collective nature of the shifts and how they represent a direct change to the streamer’s roadmap and business/programming model. While separately all these moves are impactful in their own right, but when looking at them as part of a bigger picture – it is sending a clear message to investors that the service can be nimble, even in areas were for a while it was seemingly the opposite.</p>\n<p>First as always, some background.</p>\n<p><b>Increasing Netflix's Market Share</b></p>\n<p>I want to look at three specific moves and their importance.</p>\n<p>Let’s kick it off with the one that has the biggest paradigm shift in the industry – the Sony deal.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a75991f04f5078fe686afa0638322f6\" tg-width=\"934\" tg-height=\"488\"><span>Credit: Sony</span></p>\n<p>Last week Netflix made a&nbsp;deal&nbsp;with Sony (NYSE:SONY) to acquire first-run pay TV rights for its theatrical releases. In other words, after theater and home video, it’s onto Netflix. This is a big step for the streamer as previously it would look to make deals for specific films, whereas now it a steady flow of features in play.</p>\n<p>Let me back up for a second though to explain a little more in depth…and keep in mind this is tied directly the traditional model (and pre-COVID). As mentioned, the usual route for a movie is theaters, home entertainment, pay TV, cable, broadcast, etc…where streaming comes in has always been somewhat fluid past pay TV.</p>\n<p>This deal targets that “pay TV” window. The premium channels – i.e. HBO, Showtime, Starz, Epix – all have deals with studios for their outputs. For example, Warner Bros. films go to HBO, A24&nbsp;films&nbsp;go to Showtime and so on. In some cases it’s a natural fit among corporate siblings or a separate deal worked out to help both parties.</p>\n<p>Previously Sony films went to Starz – but starting in 2022 when that deal expires, Netflix takes over.</p>\n<p>What that means is that Netflix just slipped into a window where traditional TV had a solid foothold.</p>\n<p>Part of the reason these networks had been able to pull in subscribers in the first place was that steady pipeline of theatricals. Those blockbusters were the draw to get you to subscribe with the ideas being those network’s originals would then get you further hooked. At the same time those movies - which then became part of an ever-growing film library - are the backbone of any premium movie network’s linear schedule.</p>\n<p>While this will be a noticeable loss for Starz, for Netflix and Sony it’s a win and one that should have both sets of investors thrilled.</p>\n<p>Sony, which doesn’t have a streaming service, basically was able to use Netflix as a much-needed financial lifeline following the COVID-induced shutdown of theaters. In addition, the streamer will have the ability to invest in some of the studio’s upcoming projects. The pair had already seen success prior from a similar separate previousdealworked out for Sony’s animated fare.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e7955071fa9cb7465c0265e4600ccd5\" tg-width=\"750\" tg-height=\"562\"><span>Credit: Sony</span></p>\n<p><b>Netflix's</b><b>Competitors Gain Ground</b></p>\n<p>Sticking with the Sony deal a bit further (as there is a lot to unpack) - on the other side of the coin, Netflix now gets a fresh influx of content to make up for what competitors such as HBO Max, Disney+ and Peacock pulled back for their own services OR the content competitors such as Amazon or Apple outbid them on. That cannot be over-started enough, however on the positive side what investors have seen is Netflix's subscribers pivoting in turn to similar content.</p>\n<p>For example Netflix's most popular series for a while was&nbsp;<i>Friends</i>&nbsp;and when that left,<i>The Office</i>&nbsp;took over. Now with&nbsp;<i>Office</i>&nbsp;gone,<i>Schitt's Creek</i>&nbsp;is in front. Netflix is a large part of the reason why&nbsp;<i>Schitt's Creek</i>&nbsp;exploded towards the end of its runs so it's unlikely that show will slip off the servers, but should it - the point is Netflix viewers will just go down the line.</p>\n<p>It's also interesting to note the addition of&nbsp;<i>Friends</i>&nbsp;to HBO Max and&nbsp;<i>Office</i>&nbsp;to Peacock have been very successful for those networks - which speaks a lot to the value of IP overall versus just where it was available.</p>\n<p>Speaking of IP, another reason why the Sony deal is important is because it has marquee franchises such as the<i>Spider-Man</i>universe. This is one of the rare non-Disney owned Marvel IP’s and this puts the streamer right back in the super-hero space that has performed so well for it prior.</p>\n<p>All together the deal was a welcome sign of relief to some shareholders as it’s been&nbsp;rumored&nbsp;Comcast’s Universal division will soon begin pulling its content from Netflix soon to give exclusively to Peacock – similar to what the company did with<i>The Office</i>&nbsp;earlier this year.</p>\n<p>This is further protection for that type of a mass content exodus.</p>\n<p>On it is own this is a big deal because of its far-reaching industry impacts – but where I’m looking it (and investors should also) is two-fold. One, it is a clear example of how Netflix is pivoting to stay competitive and somehow always finds a dance partner in need of its special set of skills.</p>\n<p><b>Going Outside The Netflix Family</b></p>\n<p>The other aspect is it’s also fascinating to see how Netflix has further infiltrated the film world – including by leaning into more traditional methods. And that takes us to the second piece of news which I touched on in a previous&nbsp;piece… the<i>Knives Out</i>deal.</p>\n<p>As a reminder Netflix&nbsp;bought&nbsp;the rights to the two sequels to the 2019 murder mystery hit (originally distributed by Lionsgate) for over $450 million…a stunning sum of money in its own right, let alone for such new IP. However, again looking at the bigger picture, it makes sense.</p>\n<p>Netflix is trying to further its film reach, even going so far as to produce&nbsp;over&nbsp;70 originals in 2021 – including at least one new one a week. The problem is that approach could actually dilute the overall product and cannibalizes its success.</p>\n<p>We are also a few years into the Netflix film division and the studio has yet to find its AAA tier film franchise. It’s had individual successes and its won Oscars but it hasn’t had that film series that would be akin to one a traditional studio would leverage a theatrical trilogy out of…and its noticeable.</p>\n<p>So Netflix did the next best thing – it bought one.</p>\n<p><i>Knives Out</i>was also a great choice.</p>\n<p>It boasts Daniel Craig as the lead, comes from a well-regarded writer/director in Rian Johnson and also was an awards player. Plus the original packed together a stunning ensemble of A-list talent and the news ones will likely follow the same pattern.</p>\n<p>It’s a safe and smart play for Netflix that will also get the attention and buzz they are looking for in that space. It’s also another example of Netflix’s “win-now” mentality.</p>\n<p>So to recap – Netflix in the past few weeks went out and bought a new “it” franchise AND jumped to the front of the line for new “A-tier” content from a top-flight studio.</p>\n<p>Both of these moves are in direct response to having their rivals step up their game.</p>\n<p>And to be clear, some of this may be reactionary, but that’s the point. It’s not knee-jerk in the least, it’s a calculated reaction that makes fiscal sense. Just as Netflix knew eventually studios/networks would wise up and stop feeding them content, its team knew its rivals would make gains and they’d have to adjust.</p>\n<p>That’s business…there’s an ebb and flow.</p>\n<p>As I mentioned earlier, Netflix smartly turned its attention to potential partners who could utilize their competitive advantage.</p>\n<p><b>Netflix's Biggest Risk May Come From Smallest Change</b></p>\n<p>To me, the last move I want to touch on is the most interesting – it is also ironically the least headline-grabbing of the bunch. It ties to the TV side of the business, which has arguably come under just much of an attack from other streamers.</p>\n<p>In the beginning, Netflix’s entry into streaming was built around being different, but the most well-known aspect of that build-up was its “all-at-once” pattern. While the traditional model had long relied on weekly episode drops, Netflix changed the game.</p>\n<p>It was a refreshing approach.</p>\n<p>For the “now” generation to have everything at their fingertips from the start was a big selling point. It also marked the beginning of “binge culture.” Of course, there were cons as well as pros, the problem with all-at-once is exactly that, it’s all-at-once.</p>\n<p>For many people sitting for 10-12 hours to polish off a full season of a show is not realistic – even over a weekend it's hard. What that meant is while you can talk all you wanted online about the show’s twists and turns, it was harder to keep that conversation going with friends and family.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/051370349a483fcd05ac4945cdcfb588\" tg-width=\"800\" tg-height=\"444\"><span>Credit: Netflix</span></p>\n<p>While it’s worked tremendously for Netflix, it’s also proven to be a bit of a hinderance because fans never know where others are in the storyline. This stifles that type of watercooler conversation that helped build the legacy of many classic shows.</p>\n<p>This was also a lot less complicated when Netflix’s core originals were limited to a handful of titles – but with countless new content flowing through its servers it is hard to keep track. Although many subscribers are quick to say the “all-at-once” model is a huge draw for them and a reason they love Netflix over other rivals.</p>\n<p>Granted after nearly a decade of use it makes sense as that type of access has become engrained and expected by its users. The difference is other streamers have found arguably the same type of success with the use of weekly drops – most notably Disney+.</p>\n<p>While Netflix gets a lot of bang for its buck for its own titles, normally it is mainly limited to about a three-week period – the week prior to launch, the week of launch and the week after launch. Beyond that you can notice a sizable dip in the chatter, conversely Disney’s weekly model has a longer impact.</p>\n<p>By dropping new episodes on Fridays, Disney invites new conversation over the entire weekend, that are repeated over a period of months. That&nbsp;repetition&nbsp;has helped elevate the profile of its&nbsp;<i>Star Wars</i>&nbsp;and Marvel-centric series (and in turn the brands). With each of which usually clocking in around 30 mins long, it makes it easier for people to watch without a huge time commitment.</p>\n<p>That has seemingly caught the attention of Netflix which looks like it wants to switch things up – and I think the reaction by subscribers is going to be interesting to shareholders.</p>\n<p>Two of Netflix’s reality franchises –<i>The Circle</i>and<i>Too Hot To Handle</i>– will now&nbsp;NOT&nbsp;be all-at-once drops. The batch model still holds, in that multiple episodes will still drop per week – but it won’t be the whole thing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/90bb70897890d7ac296671b75837af4c\" tg-width=\"1024\" tg-height=\"576\"><span>Credit: Netflix</span></p>\n<p><i>The Circle</i>premieres this week and will wrap May 5th, while<i>Too Hot To Handle</i>will debut in June – both on Wednesdays, which is also telling to me. In effect Netflix is trying to own that day of the week, which is a very traditional model approach to take.</p>\n<p>So why am I so interested in this approach?</p>\n<p>The main reason is because it represents a huge shift to their overall model that if successful could lead to future scripted series potentially getting the same treatment. I’ve often argued the one thing keeping Netflix’s originals back is the all-at-once approach.</p>\n<p>Remember<i>The Witcher?</i></p>\n<p>Yes, it’s a hit for Netflix but it’s not<i>Game of Thrones</i>– and it was designed specifically to be<i>Game of Thrones</i>. Now had<i>Witcher</i>been a weekly release and gotten all the buzz and added media attention that comes with it, it is very possible the series could have seen a substantial boost in popularity.</p>\n<p>Especially with scripted shows that are heavily serialized having that added time to digest the material is incredibly important. With reality series, not so much – but they are still a great test case because there is still a payoff at the end.</p>\n<p>It’s also telling because Netflix tried this before, but then quicky said it was a one-off move.</p>\n<p>When<i>Rhythm + Flow</i>premiered the other year, it took the weekly model approach in an attempt to preserve the identity of the winner as long as possible. However seemingly from the start Netflix essentially began apologizing for the decision.</p>\n<p>It was kind of whiplash inducing as in one breath it was quick to tout a new creative approach and then just as fast say it was essentially a one-time&nbsp;thing.</p>\n<p>To some it looked like Netflix felt like it had to go out of itswayto say it was an aberration to not upset the apple cart with its subscribers – which is why I’m very interested to see the response when it happens with two of its top franchises. I’ll be even more interested to see if this is the approach taken with<i>Love Is Blind</i>when it returns later this year.</p>\n<p>As I said, never say never – even with Netflix.</p>\n<p><b>Conclusion</b></p>\n<p>I have to give the streamer credit as its moves to shore up its base are further examples of company “firsts” and for Netflix to still have “firsts” this many years into its innovative run says something that should be encouraging to investors.</p>\n<p>Streaming remains the Wild Wild West and Netflix is ensuring nobody can get too comfortable – not even themselves.</p>","source":"seekingalpha","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>Netflix Stock: Company Looking To Adjust Longstanding Strategies As Rival Streamers Gain Ground</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\">\nNetflix Stock: Company Looking To Adjust Longstanding Strategies As Rival Streamers Gain Ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4419132-netflix-stock-strategies-disney-plus-hbo-max><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNetflix has seen its streaming rivals continually gain ground in the past few months prompting the company to re-evaluate a number of long-standing strategies.\nThis isn’t Netflix’s first time...</p>\n\n<a href=\"https://seekingalpha.com/article/4419132-netflix-stock-strategies-disney-plus-hbo-max\">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://seekingalpha.com/article/4419132-netflix-stock-strategies-disney-plus-hbo-max","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1119241855","content_text":"Summary\n\nNetflix has seen its streaming rivals continually gain ground in the past few months prompting the company to re-evaluate a number of long-standing strategies.\nThis isn’t Netflix’s first time fending off challengers and the company is acutely aware it will have to consistently make moves to stay on top.\nNetflix recently negotiated a deal with Sony that will result in it receiving more content sooner than before and also open the door to new partnerships with the studio.\nThe streamer also utilized another “win-now” technique when it comes to its original films as instead of solely focusing on trying to create a new “it” franchise, it bought one.\nNetflix is also making moves on the TV side by adjusting its iconic “all-at-once” model and testing weekly batch drops of two popular reality shows – despite past pushback from subscribers.\n\nPhoto by Christopher Ames/iStock Unreleased via Getty Images\nNever say never – even if you are Netflix (NASDAQ:NFLX)\nThe streaming leader has come under heavy competition in the last few months from upstart rivals Disney+ (NYSE:DIS) and HBO Max (NYSE:T), while at the same time battling a newly revitalized Amazon Prime (NASDAQ:AMZN). However, this isn’t Netflix’s first time fending off challengers and let’s be realistic, it wasn’t like Netflix wasn’t aware it was going to have to consistently make moves to stay on top.\nThis time though it’s a bit different because of the collective nature of the shifts and how they represent a direct change to the streamer’s roadmap and business/programming model. While separately all these moves are impactful in their own right, but when looking at them as part of a bigger picture – it is sending a clear message to investors that the service can be nimble, even in areas were for a while it was seemingly the opposite.\nFirst as always, some background.\nIncreasing Netflix's Market Share\nI want to look at three specific moves and their importance.\nLet’s kick it off with the one that has the biggest paradigm shift in the industry – the Sony deal.\nCredit: Sony\nLast week Netflix made a deal with Sony (NYSE:SONY) to acquire first-run pay TV rights for its theatrical releases. In other words, after theater and home video, it’s onto Netflix. This is a big step for the streamer as previously it would look to make deals for specific films, whereas now it a steady flow of features in play.\nLet me back up for a second though to explain a little more in depth…and keep in mind this is tied directly the traditional model (and pre-COVID). As mentioned, the usual route for a movie is theaters, home entertainment, pay TV, cable, broadcast, etc…where streaming comes in has always been somewhat fluid past pay TV.\nThis deal targets that “pay TV” window. The premium channels – i.e. HBO, Showtime, Starz, Epix – all have deals with studios for their outputs. For example, Warner Bros. films go to HBO, A24 films go to Showtime and so on. In some cases it’s a natural fit among corporate siblings or a separate deal worked out to help both parties.\nPreviously Sony films went to Starz – but starting in 2022 when that deal expires, Netflix takes over.\nWhat that means is that Netflix just slipped into a window where traditional TV had a solid foothold.\nPart of the reason these networks had been able to pull in subscribers in the first place was that steady pipeline of theatricals. Those blockbusters were the draw to get you to subscribe with the ideas being those network’s originals would then get you further hooked. At the same time those movies - which then became part of an ever-growing film library - are the backbone of any premium movie network’s linear schedule.\nWhile this will be a noticeable loss for Starz, for Netflix and Sony it’s a win and one that should have both sets of investors thrilled.\nSony, which doesn’t have a streaming service, basically was able to use Netflix as a much-needed financial lifeline following the COVID-induced shutdown of theaters. In addition, the streamer will have the ability to invest in some of the studio’s upcoming projects. The pair had already seen success prior from a similar separate previousdealworked out for Sony’s animated fare.\nCredit: Sony\nNetflix'sCompetitors Gain Ground\nSticking with the Sony deal a bit further (as there is a lot to unpack) - on the other side of the coin, Netflix now gets a fresh influx of content to make up for what competitors such as HBO Max, Disney+ and Peacock pulled back for their own services OR the content competitors such as Amazon or Apple outbid them on. That cannot be over-started enough, however on the positive side what investors have seen is Netflix's subscribers pivoting in turn to similar content.\nFor example Netflix's most popular series for a while was Friends and when that left,The Office took over. Now with Office gone,Schitt's Creek is in front. Netflix is a large part of the reason why Schitt's Creek exploded towards the end of its runs so it's unlikely that show will slip off the servers, but should it - the point is Netflix viewers will just go down the line.\nIt's also interesting to note the addition of Friends to HBO Max and Office to Peacock have been very successful for those networks - which speaks a lot to the value of IP overall versus just where it was available.\nSpeaking of IP, another reason why the Sony deal is important is because it has marquee franchises such as theSpider-Manuniverse. This is one of the rare non-Disney owned Marvel IP’s and this puts the streamer right back in the super-hero space that has performed so well for it prior.\nAll together the deal was a welcome sign of relief to some shareholders as it’s been rumored Comcast’s Universal division will soon begin pulling its content from Netflix soon to give exclusively to Peacock – similar to what the company did withThe Office earlier this year.\nThis is further protection for that type of a mass content exodus.\nOn it is own this is a big deal because of its far-reaching industry impacts – but where I’m looking it (and investors should also) is two-fold. One, it is a clear example of how Netflix is pivoting to stay competitive and somehow always finds a dance partner in need of its special set of skills.\nGoing Outside The Netflix Family\nThe other aspect is it’s also fascinating to see how Netflix has further infiltrated the film world – including by leaning into more traditional methods. And that takes us to the second piece of news which I touched on in a previous piece… theKnives Outdeal.\nAs a reminder Netflix bought the rights to the two sequels to the 2019 murder mystery hit (originally distributed by Lionsgate) for over $450 million…a stunning sum of money in its own right, let alone for such new IP. However, again looking at the bigger picture, it makes sense.\nNetflix is trying to further its film reach, even going so far as to produce over 70 originals in 2021 – including at least one new one a week. The problem is that approach could actually dilute the overall product and cannibalizes its success.\nWe are also a few years into the Netflix film division and the studio has yet to find its AAA tier film franchise. It’s had individual successes and its won Oscars but it hasn’t had that film series that would be akin to one a traditional studio would leverage a theatrical trilogy out of…and its noticeable.\nSo Netflix did the next best thing – it bought one.\nKnives Outwas also a great choice.\nIt boasts Daniel Craig as the lead, comes from a well-regarded writer/director in Rian Johnson and also was an awards player. Plus the original packed together a stunning ensemble of A-list talent and the news ones will likely follow the same pattern.\nIt’s a safe and smart play for Netflix that will also get the attention and buzz they are looking for in that space. It’s also another example of Netflix’s “win-now” mentality.\nSo to recap – Netflix in the past few weeks went out and bought a new “it” franchise AND jumped to the front of the line for new “A-tier” content from a top-flight studio.\nBoth of these moves are in direct response to having their rivals step up their game.\nAnd to be clear, some of this may be reactionary, but that’s the point. It’s not knee-jerk in the least, it’s a calculated reaction that makes fiscal sense. Just as Netflix knew eventually studios/networks would wise up and stop feeding them content, its team knew its rivals would make gains and they’d have to adjust.\nThat’s business…there’s an ebb and flow.\nAs I mentioned earlier, Netflix smartly turned its attention to potential partners who could utilize their competitive advantage.\nNetflix's Biggest Risk May Come From Smallest Change\nTo me, the last move I want to touch on is the most interesting – it is also ironically the least headline-grabbing of the bunch. It ties to the TV side of the business, which has arguably come under just much of an attack from other streamers.\nIn the beginning, Netflix’s entry into streaming was built around being different, but the most well-known aspect of that build-up was its “all-at-once” pattern. While the traditional model had long relied on weekly episode drops, Netflix changed the game.\nIt was a refreshing approach.\nFor the “now” generation to have everything at their fingertips from the start was a big selling point. It also marked the beginning of “binge culture.” Of course, there were cons as well as pros, the problem with all-at-once is exactly that, it’s all-at-once.\nFor many people sitting for 10-12 hours to polish off a full season of a show is not realistic – even over a weekend it's hard. What that meant is while you can talk all you wanted online about the show’s twists and turns, it was harder to keep that conversation going with friends and family.\nCredit: Netflix\nWhile it’s worked tremendously for Netflix, it’s also proven to be a bit of a hinderance because fans never know where others are in the storyline. This stifles that type of watercooler conversation that helped build the legacy of many classic shows.\nThis was also a lot less complicated when Netflix’s core originals were limited to a handful of titles – but with countless new content flowing through its servers it is hard to keep track. Although many subscribers are quick to say the “all-at-once” model is a huge draw for them and a reason they love Netflix over other rivals.\nGranted after nearly a decade of use it makes sense as that type of access has become engrained and expected by its users. The difference is other streamers have found arguably the same type of success with the use of weekly drops – most notably Disney+.\nWhile Netflix gets a lot of bang for its buck for its own titles, normally it is mainly limited to about a three-week period – the week prior to launch, the week of launch and the week after launch. Beyond that you can notice a sizable dip in the chatter, conversely Disney’s weekly model has a longer impact.\nBy dropping new episodes on Fridays, Disney invites new conversation over the entire weekend, that are repeated over a period of months. That repetition has helped elevate the profile of its Star Wars and Marvel-centric series (and in turn the brands). With each of which usually clocking in around 30 mins long, it makes it easier for people to watch without a huge time commitment.\nThat has seemingly caught the attention of Netflix which looks like it wants to switch things up – and I think the reaction by subscribers is going to be interesting to shareholders.\nTwo of Netflix’s reality franchises –The CircleandToo Hot To Handle– will now NOT be all-at-once drops. The batch model still holds, in that multiple episodes will still drop per week – but it won’t be the whole thing.\nCredit: Netflix\nThe Circlepremieres this week and will wrap May 5th, whileToo Hot To Handlewill debut in June – both on Wednesdays, which is also telling to me. In effect Netflix is trying to own that day of the week, which is a very traditional model approach to take.\nSo why am I so interested in this approach?\nThe main reason is because it represents a huge shift to their overall model that if successful could lead to future scripted series potentially getting the same treatment. I’ve often argued the one thing keeping Netflix’s originals back is the all-at-once approach.\nRememberThe Witcher?\nYes, it’s a hit for Netflix but it’s notGame of Thrones– and it was designed specifically to beGame of Thrones. Now hadWitcherbeen a weekly release and gotten all the buzz and added media attention that comes with it, it is very possible the series could have seen a substantial boost in popularity.\nEspecially with scripted shows that are heavily serialized having that added time to digest the material is incredibly important. With reality series, not so much – but they are still a great test case because there is still a payoff at the end.\nIt’s also telling because Netflix tried this before, but then quicky said it was a one-off move.\nWhenRhythm + Flowpremiered the other year, it took the weekly model approach in an attempt to preserve the identity of the winner as long as possible. However seemingly from the start Netflix essentially began apologizing for the decision.\nIt was kind of whiplash inducing as in one breath it was quick to tout a new creative approach and then just as fast say it was essentially a one-time thing.\nTo some it looked like Netflix felt like it had to go out of itswayto say it was an aberration to not upset the apple cart with its subscribers – which is why I’m very interested to see the response when it happens with two of its top franchises. I’ll be even more interested to see if this is the approach taken withLove Is Blindwhen it returns later this year.\nAs I said, never say never – even with Netflix.\nConclusion\nI have to give the streamer credit as its moves to shore up its base are further examples of company “firsts” and for Netflix to still have “firsts” this many years into its innovative run says something that should be encouraging to investors.\nStreaming remains the Wild Wild West and Netflix is ensuring nobody can get too comfortable – not even themselves.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}