If you don't have your own Netflix account, you are probably using a friend or family member's to access the popular streaming service. But if you don't watch Netflix at all, who even are you and what are you doing with your weekends?
To illustrate what you're missing out on, let's take a look at the Facebook page "Netflix Memes", a fun online project with nearly 550K followers that perfectly describes what having a subscription to this platform is really like.
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As funny as these memes are, I think the mood at Netflix is a lot more serious. The company is taking a beating on Wall Street. Shares of the streaming giant have plummeted 52% since reaching record highs in November 2021. So far, 2022 has not aided the slump, with the price down a whopping 45% year-to-date.
"The concern is the growth outlook," Dave Heger, Edward Jones senior equity analyst, told Yahoo Finance Live, citing the company's disappointing subscriber outlook as a catalyst for the sell-off.
This is why all book adaptions need to be shows instead of movies that end up cutting out 50% of the book.
In its latest earnings report, Netflix said it expects to add 7 million paying members in the current quarter, short of the 7.82 million consensus analysts expected. That would also mark a 27% decline from the 9.6 million subscribers Netflix added in the year-ago quarter, which had been an all-time high for quarterly paid net additions.
Still, Heger pointed out that now might be a good time for investors to buy the dip.
"The valuation is now looking more attractive than what we saw last year," the analyst said. He added that current market levels are providing a "good opportunity to be buying the shares."
"Certainly there's been some question of what is the longer-term growth outlook for Netflix, and those expectations have been pulled back quite a bit, [but Netflix remains] a company where we still see opportunity" for worldwide subscriber growth, Heger continued.
The analyst went on to credit the streaming giant's expanded presence in international markets, in addition to its ability to raise prices to account for "growing content and the growing value of its service" as upside potential for further market penetration and success.
The platform has also pursued mergers and acquisitions in order to compete within the crowded media landscape. Compared to its streaming counterparts, Netflix "has been a little more active on the M&A front," Heger highlighted.
"As of late, the company appears to be wanting to add content within the gaming space, and they've talked much more about raising its profile in online gaming. That's a new way to add value to Netflix subscribers and could perhaps help justify the price increases that they have made over time," he explained.
In the US, the company’s standard plan rose to $15.50 per month earlier this year.
But prices for Netflix services have steadily gone up. The standard plan went to $14 per month from $13 in late 2020, after previously rising to $13 from $11 in 2019. Prior to that, Netflix raised prices in 2017 and 2015.
Interestingly, when the company announced its first wide-scale price increase in 2014, it was so worried about losing subscribers over a $1 per month bump that it let existing members keep their price for two years. It hasn’t offered such a generous perk in the years since, though.
But right now, many businesses are experimenting with price increases to combat inflationary headwinds.
Despite fears of an impending recession, Heger theorized that Netflix has the capacity to weather any economic storm, as consumers generally cut out-of-home entertainment first.
"At least historically, we've seen in the traditional pay-TV world that subscribers tend to hold on to at-home entertainment ... even in more difficult times," he concluded.
Both me and my husband are like, "Oh, it's that guy! From that show! With the pony!" And then we spend 10 min on IMDB trying to find out where we know the actor from.
If I need to do anything around the house I will turn on a show, or a movie, that I have seen before for two reasons: 1)To have something on in the background. 2) To not have to worry about missing something while it's playing.
While Netflix has about 222 million total subscribers, its competitors are still breathing down the company's neck. Larger conglomerates like Disney (which also owns Hulu and ESPN) have continued to expand at a more aggressive pace. Disney ended 2021 with 179 million total subscribers across Hulu, Disney+ and ESPN+, and it plans to double the number of countries that Disney+ is available in by 2023. Disney also announced the creation of an International Content and Operations group to expand its direct-to-consumer streaming internationally.
Netflix, however, keeps its momentum by increasing the amount of original content.
Compared to other streaming platforms, you can't beat its slate of original TV shows that are now considered among the best of the modern era of television, including global hits like Stranger Things, The Queen's Gambit, and The Crown.
Many of which have produced plenty of funny memes as well!
Yup. In Indian soap operas, they show a poor or lower middle class family with their so-called small house bigger than your own house and furniture that might belong in some mansion..
Omg happened the other day. I rewound four times before I actually paid attention.
Note: this post originally had 120 images. It’s been shortened to the top 50 images based on user votes.
I think that every movie needs 2 showings at the same time, one for people who want to shut up and watch, and one for people who want to add commentary. I'll admit that I'm the annoying one who wants to add commentary but I don't want to annoy others so I think we should separate it
I think that every movie needs 2 showings at the same time, one for people who want to shut up and watch, and one for people who want to add commentary. I'll admit that I'm the annoying one who wants to add commentary but I don't want to annoy others so I think we should separate it
