half? just read this "The company said it added 8.28 million subscribers in the three months ended Dec. 31. Analysts on average had expected additions of 8.39 million, according to IBES data from Refinitiv"The bears it seems. However subscriber growth was half of expectations. That’s pretty significant. Clearly affects the PEG.
Netflix shares fall 20% on slowing subscriber growth
Netflix reported earnings after the bell. Here are the results.www.cnbc.com
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
It's their Q1 guidance. 2.5M vs 5.9M consensus. Q1 EPS guidance is below expectations as well.
bkp_duke
Well-Known Member
Now down 17%. Absolutely brutal.
EDIT - whoever is running the show over there should probably reconsider that service price raise. Doesn't make a lot of sense when demand appears to be tapering off.
Artful Dodger
"Neko no me"
I hope nobody listens to me but that is what I'm expecting. Closing at around 1k tomorrow. Maybe some fomo early next week. Then I'm expecting a blockbuster earnings and some reassurances from the Fed on Weds. Hard to imagine they will be any more aggressive after the recent market action.Maybe MM's will come to the rescue and actually support TSLA at 1,000 tomorrow
Todd Burch
14-Year Member
We are on the trailing end of the worst part of a pandemic. Immunizations are available. People are going back to work and have less time to watch Netflix all day. It's obvious that subscriber base would be down and that NFLX probably isn't a good stock to own at this point in time. It's probably why they raised their subscription price.
Don't see how that has any correlation to TSLA's performance really. Who knows, maybe people leaving NFLX will flock into TSLA, which is a**ing kicks and naming takes.
Don't see how that has any correlation to TSLA's performance really. Who knows, maybe people leaving NFLX will flock into TSLA, which is a**ing kicks and naming takes.
Todd Burch
14-Year Member
This may be timing out really well for TSLA, actually.
QQQ hitting lower BB. Peak Fear. Options expiration tomorrow.
Starting Monday, we might see a stellar run for TSLA, with FOMO of the upcoming stellar earnings, NASDAQ recovery, and exits from other tech stocks that probably have more trouble ahead (NFLX, ZOOM) which benefitted from the pandemic, and that money perhaps flowing into TSLA, which has blue skies ahead.
QQQ hitting lower BB. Peak Fear. Options expiration tomorrow.
Starting Monday, we might see a stellar run for TSLA, with FOMO of the upcoming stellar earnings, NASDAQ recovery, and exits from other tech stocks that probably have more trouble ahead (NFLX, ZOOM) which benefitted from the pandemic, and that money perhaps flowing into TSLA, which has blue skies ahead.
Artful Dodger
"Neko no me"
NFLX now ↓ 20% after-hrs at 14:38 ET (below screenie is from 14:28)
General selloff after hours, TSLA down to $986 on 467K volume @ 16:40
Turns out, these ARE the droids they're looking for...
General selloff after hours, TSLA down to $986 on 467K volume @ 16:40
Turns out, these ARE the droids they're looking for...
But, but, who cares about after hours prices? Google finance even stopped quoting these.NFLX now ↓ 20% after-hrs at 14:38 ET (below screenie is from 14:28)
View attachment 758057
General selloff after hours, TSLA down to $986 on 467K volume @ 16:40
Turns out, these ARE the droids they're looking for...
/s
Damn...i was all ready to show my wife how smart i was with the $1k buy yesterday this morning......but i held off because i thought it was going higher....
This is the quote I’m referring to. “In Q4 2020, Netflix added 8.5 million subscribers. The company also said for the first quarter of 2022, it expects to add 2.5 million subscribers, compared to the 3.98 million it added in Q1 2021.”
In CA the Tesla quote for our Plaid was 1/3 less than AMICA.Twice? Dang, Tesla Insurance won't be very successful at rates like that.
yes, expectations were for over 6 million new subs in Q1. Thats a pretty hard deceleration in growth.
Edit: To state the obvious, the relevance for TSLA in this is, I do not see this level of deceleration in growth happening in a loooong time.
Sudre
Active Member
Exactly. THEY make up a 2022 Q1 number high so they have a reason to drop Netflix down some completely ridiculous number (20%!) even tho all the other numbers were in line or a beat. This is a prime example of what can happen to Tesla.
What I see reported for NFLX.. note how Netflix beat EPS but still gets punished in the wording of the article.
Keep this in mind for Tesla's report. Everything can beat but if anything forward looking is not better than perfect THEY will short the F out of it and tank the SP. We have seen it many times. Right now THEY want everything to look like the world is ending for Tech so that is the picture THEY will paint. For example THEY want 1.5M cars for next year so THEY will want Tesla to guide for 375000 in Q1 because... you know... that is 1.5m divided by four and that's how it works right?
%
2daMoon
Mostly Harmless
Which is why the only guidance "they" will get from the Earnings Call is,
"We expect Tesla to achieve 50% per year growth going forward."
( Just like last year and the year before
)
Sudre
Active Member
EXACTLY.
THEY expect 1.5 Million. Tesla with that statement is guiding for 1.4X Million. A MISS!
You're missing one important piece: NFLX is guiding for only 10M new subs for 2022. That's a YOY growth of only 4%. I believe this is what's tanking the stock. Nobody wants a 40 PE stock that only guides for 4% growth.
2daMoon
Mostly Harmless
Sure, for those who can do math.
Stock analysts cannot do math, so, being given a percentage they will still be unable to draw their own conclusion.
"They" want a hard number target that can be either hit or missed.
Tesla won't give them one, as doing so would be an insult to the fine art of advanced sandbagging.
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