Netflix down 40%: bad price, good future?
@Alvin Chow：
1. $Netflix(NFLX)$Netflix share price has tanked 40% since the start of the year, and that’s just a span of 3 weeks. The reasons were a mix of the macro environment (interest rate rising causing a valuation reset) and Netflix’s earnings guidance for the next quarter.2. The latest earnings per share of $1.33 crushed consensus estimates of just $0.82, while revenue of $7.71b was in line with expectation. Netflix added 8.3m customers in the past quarter but the projection for Jan-Mar 2022 was a low 2.5m. That is even less than the 5.9m forecast by analysts. Netflix share price tanked 20% on that faithful day the guidance was given.3. It should be obvious by now that the positive effect of the pandemic - putting people at home and they have nothing to
