THB #304: Netflix Day! Preview & BAFTA

Good morning. This will be a short one… anticipating a longer piece this afternoon, after the Netflix quarterly report lands.

Wall Street seems to be all over the place in anticipating this report. CNBC had a “Worst Quarter Ever?” headline before having on a guest who luvs the stock and the company and everything they do is genius. Netflix told everyone that they would not be offering guidance on sub counts in the same way moving forward… so no one knows what this Investor’s Letter will look like… but bulls are still pushing the new ad tier (Netflix Merde) and what they hope will be more than 5 million subs added this quarter. Bears are anticipating 1.7% revenue growth, even with the new ad tier.

But no one knows. They are all guessing. Me too.

The report is about 4 hours away. I can wait to actually have numbers and to the analytical work from there.