I got WRECKED by $NFLX Stock! What happened?
Video Summary
Netflix’s Stock Plunges 37% on Shocking Subscriber Loss
Netflix’s latest quarterly earnings report has sent shockwaves through the investment community, with the stock plummeting 37% in a single day. The company’s subscriber loss has been a major talking point, with the growth rate slowing significantly. Revenue growth has also slowed down, with the company projecting a loss of 2 million subscribers in the upcoming quarter.
The company’s revenue growth has been impacted by increased competition from rival streaming services, such as Disney+, Amazon Prime, and HBO Max. This has led to a valuation correction, with the price-to-earnings (P/E) ratio coming down to around 20. This is lower than the company’s competitor Disney’s P/E ratio, which is around 32.
Netflix’s stock has also been impacted by concerns over the company’s inability to crack down on password sharing and its lack of success in the mobile gaming market. The company has been relying on its brand and existing customer base, but this may not be enough to sustain growth.
In the short term, the company’s stock price is likely to continue falling, with the 200-day moving average providing resistance. In the long term, the company will need to address its growth issues and find new ways to increase revenue and subscriber numbers.
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