$NFLX reported after the close and the company reported that memberships grew to 214 million.
Most of the growth came from APAC as the company continues to go global.
#Squidgame highlights the success of this approach - it was the #1 ranked show in 94 countries (incld USA)
Most of the growth came from APAC as the company continues to go global.
#Squidgame highlights the success of this approach - it was the #1 ranked show in 94 countries (incld USA)
$NFLX still has amble room for growth. According to Nelson, Netflix only accounts for 10% of TV time in the US - so still room to take share
$NFLX is increasingly expanding into mobile and into new media - such as mobile gaming. This should further increase the company's opportunity going forward. #stillearly
An interesting tid bit that highlights who Netflix competes with - when $FB experienced a global outage for several hours on Oct. 4, $NFLX engagement saw a 14% increase!
Netflix competes with numerous companies for consumer's attention across mult. platforms
Netflix competes with numerous companies for consumer's attention across mult. platforms
Finally, $NFLX is beyond issuing shares and diluting shareholders in order to finance growth. Mgmt explained that "we believe we no longer have a need to raise external financing to fund our day-to-day operations" and $NFLX repurchased $100m in stock during the quarter.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
