Dan Niles On Twitter "I Love Biz Models W/ Pricing Power. $NFLX Effectively Raising Prices By Cracking Down On Pswd Sharing But Q2 5.9M Sub Adds Still Much Higher Than 2.1M Expected. Stock -11% Since Reporting EPS Beat Due To Rev/ARPU Miss. Buying Some & Natural Hedge Vs Tech Shorts Left To Report"
Portfolio Pulse from Happy Mohamed
Dan Niles, a prominent investor, expressed his support for Netflix's business model on Twitter. He highlighted Netflix's recent crackdown on password sharing as an effective price increase. Despite this, the company's Q2 subscriber additions of 5.9 million were significantly higher than the expected 2.1 million. However, the stock has fallen 11% since the company reported an earnings per share beat, due to a revenue and average revenue per user miss. Niles indicated he is buying some Netflix stock.
July 24, 2023 | 5:14 pm
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Netflix's stock has fallen 11% since reporting an earnings beat due to a revenue and ARPU miss. However, the company's crackdown on password sharing and higher than expected Q2 subscriber additions could potentially drive the stock price up in the short term.
Netflix's stock has been negatively impacted by a revenue and ARPU miss. However, the company's recent crackdown on password sharing, which effectively raises prices, and its higher than expected Q2 subscriber additions could potentially drive the stock price up in the short term. Investor Dan Niles' decision to buy some Netflix stock also indicates potential positive sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100