Netflix Q1 earnings: The streaming wars are over, and Netflix won, analyst says

Netflix (NFLX) posted its first-quarter earnings, revealing an addition of 9.33 million new subscribers in this quarter, easily beating Wall Street expectations of 5.48 million. The streaming service did, however, share second-quarter guidance that fell below expectations. In addition, the streamer announced that starting next year, it will end its reporting of quarterly membership numbers. Should this worry investors moving forward or is there more at play?
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan joins Market Domination Overtime to give insight into why she has declared Netflix the winner of the streaming wars.
Ranganathan explains her stance:
"To a great extent, the streaming wars are kind of over, I think Netflix has kind of won it. And, yes, you're right... this shakeout has been happening in a pretty small way. I think it's going to be happening in a much more aggressive way. We're already seeing talks of consolidation whether it's with Paramount (PARA) or the smaller players, so that obviously is going to play out. We're seeing Netflix also take a complete shift in its content strategy. We used to see them be much more bold with their originals.. There is, of course, now this whole phase of content rationalization... If you look at some of their content titles... they do still have a great mix of their own original content, but we're also seeing a lot of licensed content come on this service."
#news #youtube #Netflix
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[@damham5689]

They are still almost 4 times the price of Tesla. Not to shabby. And the stock market is far higher than it was just 3 years ago. Big investors are making bank. Its just the consumers that the big investors make their bank from, are the one hurting.

[@sarahjames927]

Frankly, I got rid of streaming but I am more likely to resubscribe to Netflix than any other when my shows new season get released.

[@starship519]

Its jusf cable tv. It will pass away like cable tv

[@randomtourist6656]

lol Your comment will really not age well

[@starship519]

@@randomtourist6656 yes it will

[@jonarbuckle8003]

@@starship519 no it won't. i've seen countless "stories" of netflix being doomed to fail for the past 5 years. they won the streaming wars. by a landslide. they continually make money, and are the only streamer to do so consistently. but hey, maybe you'll be right in 20 years, when the next big thing comes along. lol

[@KarenMalcolm915]

My expectation for 2024 that markets starts to broaden out more, what if the interest rates go up? i have a ton of questions....can I safely invest my $800k? I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement, but don't know where to start.

[@DanielWoodburn]

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[@DeanWhite-ng5hb]

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[@KarenMalcolm915]

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[@DeanWhite-ng5hb]

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[@KarenMalcolm915]

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[@starship519]

Extremely overvalued

[@brakaduun]

If this one is extremely overvalued - can you give an example of a stock that you think it's correctly priced or even undervalued?

[@starship519]

@@brakaduun All of the meme stocks are extremely undervalued. Look at the difference between AMD and INVIDIA. They both make the same products. AMD doesnt make a product that is any less valuable than INVIDIA. Im not buying overpriced stocks that are long due for correction. Buy low and SELL high is the game

[@Bit-bk4iy]

@brakaduun All of the gold and silver mining stocks are extremely undervalued. Precious metal stocks will 50X, they will become the new "Tech Titans/magnificent 7" behemoths.

[@brakaduun]

@@Bit-bk4iy Mhmm,,,yeah! I've heard that before. When I bought SBSW at P/E 6. I thought just like you did. Now I am a proud owner of SBSW at P/E 3, down 40% for years, all the while gold is up. So yeah - but no.

[@abdulazizhawsah9884]

@@brakaduun Good question I'll bet against his recommendations 🤣🤣🤣

[@damham5689]

I remember back when HBO CEO Richard Plepler said HBO shows would never ever be in Netflix. And there are HBO shows on Netflix. My how the arrogant have fallen. 😂😂

[@simplenough]

HBO is done. Succession was the end of prestige TV.

[@aishaalamoudi599]

it's not that simple.. the market didn't respond well to Netflix's report.

[@dvd7826]

Not under his watch he works for Apple + now