THB #521: Netflix Q1 2024

I got nothing.

I mean… decent quarter. The beat expectations in most areas. Clearly, they are still getting some bump from the password sharing crackdown.

Over the last year, US/Canada is up 8.26 million paid subs. Europe and the Middle East is up 14.36 million subs, the largest increase in any region… which suggests they were stealing the most. Latin America is up 6.47 million subs. And Asia Pacific is up 8 million.

That’s really good. But it is the full year of the password crackdown. And that 37.1 million new subs is probably 90% or more of the full squeeze that Netflix is getting from that fruit.

Meanwhile, in the Earnings Interview, which you can bore yourself with if you like…