Television

Netflix earnings are not "down," they're just not growing as fast as The Market wants them to. This title is heavily editorialized and wrong.

Interestingly, the MSN version of the Reuters story is missing the info about subscriber growth coming from the cheaper markets. I originally read the Reuters piece on Apple News so I tried to find a public link to post here. The important missing pieces are:

• weaker-than-expected revenue forecast for revenue in the third quarter
• “While the company added subscribers, it said average revenue per member fell 3% from a year earlier. That was partly because many of the new sign-ups came in countries where Netflix charges lower prices.”
• “Netflix said its advertising tier remained a small part of its membership base and that current ad revenue is not material.” Cash flow will be up because production is down due to the strike.

Here’s the complete Reuters story…

https://www.reuters.com/technology/netflix-tops-wall-street-forecasts-with-password-limits-ad-option-2023-07-19/

Except that…. https://www.macrumors.com/2023/07/19/netflix-gains-six-million-subscribers-q2-2023/

According to Netflix, revenue is up in every region where paid sharing was introduced, and sign-ups have exceeded cancelations. The company saw revenue growth of 2.7 percent year over year. Going forward, Netflix expects revenue growth to accelerate further as it begins to see the full benefits of paid sharing and additional adoption of its ad-supported plan.

They can't compete anymore. They removed/lost all the good content that wasn't theirs and can barely make a quality original show or movie. Then they decided to push the password sharing bullshit on us. I canceled my account and haven't missed it one bit. I'll be sailing the high seas when it comes to anything worth a damn they make.

@reddig33 For me Netflix was good until 2015 after that they started to cancel TV series with 2 or 3 seasons without a proper story closing. Then I moved to Prime Video which was good until 2021 when they canceled Bosch just to move its sequel to Freevee (free version of Prime Video with ads).
Then again I moved to HBO, which has been nice (in terms of high quality content delivery) if it weren't for the HBO+Discovery merger. Which brings high "quality" content like the Kardashians.

Turns out infinite growth isn't possible and consumers will move on when a service becomes stale.