Netflix;

Can Netflix Still Be The Reason For Choice Despite Recent Earnings Reports?

  Netflix; Can Netflix Still Be The Reason For Choice Despite Recent Earnings Reports? Netflix; offers ad-free and subscription video service in more than 190 countries. Investors increased their stake in NFLX as the internet television network Netflix (NFLX) gained a significant lead in the video streaming market. So, is it the right time to buy NFLX (NasdaqGS) $503.18 -5.93(-1.16%) shares right now? California-based Company started in the United States in 1997 as a paid subscription-based DVD mail service. This innovative service caused movie rental giant Blockbuster to pull out of the race. Company's Chief Content Officer, Ted Sarandos, who began offering a video streaming service that includes licensed movies and TV shows in 2007, told us about the company's original content strategy: to become HBO faster than you can. " Netflix; offers ad-free and subscription video service in more than 190 countries.

Subscriber Growth Drives Netflix Story

For the past few years, The Company has focused on growing its global subscriber base and has been investing heavily in local language original content production worldwide. Netflix, whose stock performance is linked to net subscriber additions, completed the first quarter with 207,64 million subscribers. Consumers watched more television as movie theaters, live music and gyms were closed during the epidemic.

Netflix Stock Fundamental Analysis

In the March quarter, Company missed Wall Street's 6,3 million target, adding 3,98 million streaming subscribers. The streaming giant expects subscriber additions to increase in the second half of the year thanks to a stronger content list. The company gained a share of $ 3,75 from sales of $ 7,16 billion in the first quarter. Analysts expected Netflix to get a share of $ 2,97 out of $ 7,13 billion in sales. Netflix earnings increased 139 % year over year, while sales rose 24 %. The company's shares surged to a record high 593,29 on January 20 the day after the fourth quarter earnings report. However, the enthusiasm was short-lived and the NFLX stock was sold in the following days. The executives, who anticipate that the company will turn the free cash flow of 2021 into positive in 2022, say that it may then be in a position to make share repurchases to return cash to investors.

Netflix; offers ad-free and subscription video service in more than 190 countries.

Netflix Content Attracts Subscribers

Since Company started broadcasting original content, it has achieved very successful projects. A survey by investment bank Cowen revealed that Company's growing library of original content is the area of ​​greatest interest among subscribers. The Company, which increased the prices of the standard and premium tiers of the on-demand video subscription service in the US on October 29, faced new competition from traditional media companies. Media companies such as HBO Max, NBCUniversal, Peacock, Discovery + and Paramount + met with the audience on different dates. Except those; It should not be forgotten that companies such as Amazon (AMZN) Prime Video, Apple TV +, Disney +, Hulu are also on the competitor list.

Netflix Has Succeeded in 2021 Award Season

This year The Company has received many awards from the film and television world, thanks to its original programs. The Company, which managed to win 7 Oscars at the 93rd Academy Awards on April 25, became the platform that won the most awards.

Netflix Stock Technical Analysis

Netflix shares have been consolidating with 593,39 purchase points for the last 14 weeks according to IBD MarketSmith charts. Company's stock represents 75 of the top 99 IBD Composite Rating.  

Source: investors.com

 

You may also be interested in:

 

USA Is Putting Pressure On Taiwanese Chip Manufacturers