We talk Netflix again this week. As you may recall, Akram published a lengthy report late last year on why Netflix was and would remain the king of streaming. The company reported earnings last week, and it was a bit of a royal flex, as they beat on subscriber numbers and boasted that they would not need to raise debt capital going forward. The stock popped 17% the next day. So what did the market miss going in, and what does that mean for Netflix and peers going forward? We break it down, answer a few listener questions, and try to figure out what Netflix’s story going forward will be.
Topics Covered- 2:30 minute mark - Quick quarter reaction
- 12:00 - Why is Netflix winning
- 21:00 - How the story is shifting
- 27:30 - What Netflix’s margins actually say
- 38:00 - Netflix’s moat and the competition
- 47:00 - Forward outlook for NFLX
- 51:00 - Praise for management
- 55:30- Discoverability challenge for Netflix
- 1:05:30 – Netflix’s content strategy
- 1:10:00 - The fate of the theater
- 1:14:30 - Netflix’s tech positioning
- 1:24:00 - Pressure on the competition
Activity