of Netflix disappointing analyst earnings report Then he warned: It may be necessary to think twice before jumping into the stock market to buy shares of streaming giant Netflix.
He said Netflix stock could be a “dead investment” in Q1 2022 and a seasonally weak Q2. Jeff Wlodarczakstated that Netflix still needs to prove that it is experiencing significant growth. New investors seem as considerate as Netflix shareholders, according to Wlodarczak.
Good news for those who are waiting for the 2nd season of Squid Game! Netflix hit the button
Netflix has made the official announcement for the long-awaited Squiid Game season 2. The statement made by the CEO is pregnant with other surprises.
Netflix earnings report didn’t meet investor expectations
stocks of Netflix It fell as low as $408 in pre-market trading, down as much as 21%. The company’s fourth-quarter earnings came under pressure from slowing subscriber growth and operating margin. The online streaming giant, on the other hand, cited increased competition (competitors such as Disney+, HBO Max, Apple TV+) and new decisions in the US dollar among the reasons for the decrease in revenue.
According to Bloomberg data, Netflix gained 8.28 million global paid net subscribers in the last quarter of 2021, beating the 8.13 predicted by analysts, but it still doesn’t present a very inspiring picture of the future. The company grew in the first quarter, compared to 3.98 million subscribers in the first quarter of last year. 2.5 million subscribers He said he expected to win.
Morgan Stanley, KeyBank and barclays It also announced that it had downgraded Netflix stocks. But analyst Wlodarczak of Pivotal remains hopeful for Netflix stocks in the long-term, although he thinks the stock will not be reliable in the near term.
Wlodarczak said, “After all, we think the Netflix system is still working. It’s only running at a slower pace given the massive demand growth driven by the pandemic shutdowns, but we expect subscriber results and stock to normalize over time.” said. Analyst, Netflix stock He also stated that he reduced the price target from $750 to $550.