THB #189: Netflix Q2 2022 (Pt 1)

I’m writing this piece before the earnings “call” (now a pre-taped video) for Netflix. I expect that the “call” will be more interesting than the shareholder’s letter. They make the case for advertising and internationalization in the letter, but I expect a more polished performance of “Pennies From Heaven” in the “call.”

Okay…

Here is the subscriber count for the United States and Canada over the last 3 years…