Netflix share price plunges after missing own forecast

With everyone opening up their own streaming platform - pretty soon it'll be easier to just pirate stuff again, rather than having 7 subscriptions and not getting the full catalog on any of them.

*disclaimer - 7 might be exaggerated.
 
Lol, only the stock market considers growth bad news, only not enough growth.
 
With everyone opening up their own streaming platform - pretty soon it'll be easier to just pirate stuff again, rather than having 7 subscriptions and not getting the full catalog on any of them.

*disclaimer - 7 might be exaggerated.

Netflix
Hulu
Amazon Prime
Disney Plus
HBO Max
Peacock
Crunchyroll
DAZN
 
With everyone opening up their own streaming platform - pretty soon it'll be easier to just pirate stuff again, rather than having 7 subscriptions and not getting the full catalog on any of them.

*disclaimer - 7 might be exaggerated.

I'll probably end up cycling through services. 2 Months Netflix, 1 Amazon Prime etc.
 
Lol, only the stock market considers growth bad news, only not enough growth.
This is likely due to short-term investors that were speculating around this growth figure. The stock will bounce back because it is fundamentally a good company.
 
This is likely due to short-term investors that were speculating around this growth figure. The stock will bounce back because it is fundamentally a good company.
Yes Netflix is a good company , but it was priced for perfection. To justify their high price they will have to sustain their high growth rate which is going to be difficult with all the competition.
 
Yes Netflix is a good company , but it was priced for perfection. To justify their high price they will have to sustain their high growth rate which is going to be difficult with all the competition.
Netflix is a growth stock and it is priced as such. Any of its competition (except maybe disney) would be considered good news if they get 1M more customers. There is still huge scope for Netflix to grow for the next 5-10 years. The only thing that would give me pause is their debt levels.
 
Netflix is a growth stock and it is priced as such. Any of its competition (except maybe disney) would be considered good news if they get 1M more customers. There is still huge scope for Netflix to grow for the next 5-10 years. The only thing that would give me pause is their debt levels.
Yes they are a growth company, but does it justify a price to earnings ratio of 90?
 
Yes they are a growth company, but does it justify a price to earnings ratio of 90?
That is an impossible question to answer. Depends on how much scope for growth streaming has. Personally, I think there are still about 5-10 more years left of growth. Tesla is on a P/E of 1200 and some people think it is undervalued.
 
That is an impossible question to answer. Depends on how much scope for growth streaming has. Personally, I think there are still about 5-10 more years left of growth. Tesla is on a P/E of 1200 and some people think it is undervalued.
A lot like the dot com bubble and that ended badly. Will it be differently this time?
 
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