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Netflix Is Now Worth More Than $100 Billion (techcrunch.com)
Netflix has crossed the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers. TechCrunch reports: The company said it added more than 8 million new subscribers total after already setting pretty robust targets for the fourth quarter this year, giving it a healthy push as it crossed the $100 billion mark after the report came out this afternoon. While the company's core financials actually came in roughly in line with what Wall Street was looking for (which is still important), Netflix's subscriber numbers are usually the best indicator for the core health of the company. That recurring revenue stream -- and its growth -- is critical as it continues to very aggressively spend on new content. The company said its free cash flow will be between negative $3 billion and negative $4 billion, compared to negative $2 billion this year. And that aggressive spending only seems to get more aggressive every time we hear from the company. Netflix is now saying that it expects to spend between $7.5 billion and $8 billion on content in 2018 -- which is around in line with what it said in October when it said it would spend between $7 billion and $8 billion. It's the same range, but tuning up that bottom end is still an important indicator. Some notable numbers include $3.29 billion in revenue, 1.98 million Q4 U.S. subscriber additions, and 6.36 million Q4 International subscriber additions.
"Netflix's subscriber numbers are usually the best indicator for the core health of the company", indeed. I left Netflix after being a subscriber for some years, and just a month later, got a month free offer (again). Looks like Netflix tries whatever they can to reach the higher number, even for free.
Slashdot, fix the reply notifications... You won't get away with it...
Indeed. Unsustainable growth is the only thing Wall Street analysts respect. What happens to the Netflix stock price (market cap) when new subscriptions (inevitably) plateau?
Disney owns so many franchises now that a Netflix without Disney will kill it. Netflix should consider legal action if Disney tries to take it's content away from paying customers.
You would think they could spare a billion or two to buy us all a healthy portion of Net Neutrality.
Maybe hire a few hit men, to take out whoever is really behind the repeal of Net Neutrality. But . . . do we even have an idea who that is . . . ?
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
It will plummet. And the next big thing will be worth 100 billion.
C'mon, have you been playing this game since yesterday?
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Holy ... can you imagine what TPB would be worth if you could just monetize that shit?
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
P/E ratios above 30 means... Sell Short! Wait for the correction then cover for profit.
Unless somebody expects Netflix to turn 2x the profit they are now, any company trading at 100 P/E is a really big balloon ready to pop. It might be worthy of some speculation money if the company is coming off some really bad news and trades at such prices, but I don't think this fits Netflix.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
Perception is worth more than reality it seems.
It ALWAYS is. The trick is to learn to profit from perceptions which are wrong.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
About 80% of the stuff on Netflix, Prime, etc are grade B knockoffs of block buster movies or just crap no one would find interesting.
When he description starts out with, "not to be confused with the blockbuster..." you know they are simply trying to pull a bait and switch.
"Oh Look!, they are showing Independence Day of Earth! I loved that movie."
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
You love commercials too?
Cheap storage VM.
Hulu now offers ad-free subscriptions. I renewed my subscription once that happened and cancelled Netflix since a lot of the shows I watched have moved to Hulu.
Thanks, I thought they only offered "minimal" commercials.
Cheap storage VM.