netflix fallout

[Geor!]

Repost: post 103

Reposted on second page.

[yellowstang]

Wow, talk about a beat down, look at the afterhours trading!


Netflix, Inc.(NasdaqGS: NFLX )
Real Time 96.32
DOWN -20.72 (-17.70%) 4:18PM EDT



Netflix reported third-quarter earnings of $1.16 a share, on revenue of $822 million.

Analysts, on average, expected Netflix to earn $1.05 a share on $812.50 in revenue in the quarter, according to FactSet.

But Netflix shares are getting crushed after hours, down 16%, after gaining nearly 2% in regular trading.

Apparently the one set of numbers analysts cared about, subscribers, is looking really bad.

Netflix reported 21.45 million streaming subscriptions at the end of the third quarter and 13.9 million DVD subscribers.

They’re also warning on the fourth quarter, too, saying subscribers fled more quickly than expected.

Through the close today, Netflix shares had fallen 60% from their peak in July, before they announced a botched and abandoned plan to split into two companies.

More details to come…

[exlude]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

[grove rat]

^^agree 100%

[Sgt Beavis]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

Yea, I thought about killing off my Netflix account but decided against it for this exact reason.

[bcoop]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

Have you kept up with the whole thing. They are losing some 70% of their content, is what I read somewhere, over losing the contract with Starz. There are already competitors. I haven't really looked in to it all, to judge the quality of content.

[exlude]

Have you kept up with the whole thing. They are losing some 70% of their content, is what I read somewhere, over losing the contract with Starz. There are already competitors. I haven't really looked in to it all, to judge the quality of content.

Yeah I had read that, not sure about the 70% figure. The contract holders are realizing how much money is to be made in the streaming business and want a bigger share. It's not like Netflix can just allow the players like Starz to charge more but keep the price the same for the customers.

[yellowstang]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

Hastings is an idiot and keeps making stupid decisions.

We are going to split off DVD's to a new company. Wait, we changed our mind...


<-- does not have a Netflix acct, never saw a need too

[yellowstang]

Wow, it's getting worse for their stock. They closed at $118 today, holy fuck!

After Hours: 85.92
DOWN 32.86 (-27.65%) 4:47PM EDT

[CWO]

wow.

[yellowstang]

wow.

No kidding, this is almost a buying opporunity for a long term hold.

[Broncojohnny]

What is amusing is that the company had a $300 share price a few months ago, selling on some retarded P/E. Now all of a sudden it is worth a third of what is was back then? Fact is, this company was never worth that much, it was all hype, this is a $50-60 company on its very best day unless you believe that they can grow at 50% every year. The sheep will buy right in though, that is the stock market, it never changes. I would hate to be the sucker that bought it at $300. Or the guy who bought Green Mountain Coffee (GMCR) at $110.

[Broncojohnny]

....Or Amazon (AMZN) which just got its fudge packed in after hours trading. Another company trading on an astronomical P/E.

[mstng86]

-41.47 (-34.90%) holy shit!!!

[A_A_G]

-41.47 (-34.90%) holy shit!!!

Netflix,