THB #355: Netflix Quarterly Day Preview

This will be brief. A piece reporting on what the quarterly actually said will be out later today.

Expect a pretty meaningless quarter.

I expect some added subs internationally, where Netflix is now cutting prices to add subs… with few sub adds domestically.

What I keep hearing some drones still droning on that people are going to downgrade from their $10 basic subscriptions to the $7 version. This is - and will always be, unless Netflix really falls hard at some point - a marginal subscription option. Ad revenue will be fine for the shittiest version of Netflix and make up the $3 a month… love ya, but you’re not a serious ad play.

The live programming so far has been sloppily delivered.

The focus on rooting out password sharing… zzzzz…

Gaming… zzzzz…

Nothing significant has changed the math about Netflix in the last six months, but the stock has gone from $288 to $331, as of this writing. Every other major player in this area has grown less than 10% in the same period. So the love affa…