I’m not at all interested in what ‘analysts’ have to say about the $NFLX beat. We all know why they beat, Stranger Things. Yes?
House of Cards is dying off and before Stranger Things, shares of NFLX weee languishing a bit. If you haven’t seen Stranger Things and really want to relive the 80s, and see a great show, I strongly advise that you watch it.
My question to the iBankCoin audience is this: why do you subscribe to Netflix? Is it for the branded programming, access to old as shit movies, or because of social pressures?
Interestingly enough, I ran a poll on Twitter and my followers aren’t in the least bit interested in Stranger Things.
Which is your favorite $NFLX show?
— The_Real_Fly (@The_Real_Fly) January 19, 2017
What is your favorite show?
Here’s what Canaccord had to say, after raising the price target to $160.
If you enjoy the content at iBankCoin, please follow us on Twitter09:00 | NFLX | (133.26)
Netflix target raised to $160 at Canaccord Genuity — Sub growth persists, original programming drives engagement, cash needs for content costs point to additional debt raises
Canaccord Genuity raises their NFLX tgt to $160 from $140 stating, “Earnings and pricing improvements improvements are encouraging, as viewers are embracing Netflix’s original content around the world. We note that Netflix plans to continue to invest more in original self-produced content, which has higher upfront cash expenditures, and is the driving reason behind the divergence between free cashflow and operating income. Meanwhile, the company still plans on demonstrating operating leverage as it is targeting 2017 operating margin of 7%, up from 4% over the last two years and above our prior estimate of 6%. We believe Netflix is still quite early in penetrating international markets, and its content strategy seems poised to continue to help subscriber growth as we enter a phase of heightened SVOD competition, especially in the U.S.”
Without a doubt, for me, it’s the original content $NFLX produces. If I just wanted to watch older TV shows to pass the time, which I rarely have nor do anymore, I can get it through my Amazon Prime account or my U-Verse On Demand. Or if I had the audacity, my wife says I could use a DVD but I’m not sure what that is. PS the opening line about analysts is on point; well played
I hate commercials: hate skipping through a show, hate the artificial breaks to accommodate them, despise the ad industry in general.
I LOVE Netflix.
I agree with bubbles, a big part of it for me is because I hate commercials, I record the Super Bowl so I can fast-forward thru commercials. I love the original content for the cheap price as I get older and have children I realized there is no time for television in your life. If you’re watching television like a zombie, you are taking away from precious time you can spend with your family and friends. Then just think that half of that time is spent watching commercials, that is sickening. Having content on demand is the future. Period.
Agree with the above users. I love the original content (House of Cards, Stranger Things, Daredevil, Luke Cage, Sense8, etc). There are ton’s of documentaries (13th, Amanda Knox, others) and lots of exclusive comedy specials. The ability to binge and not wait week to week for shows, and NO COMMERCIALS (like Hulu which is obnoxious). I also use it to watch old shows like the Office, Family Guy, or Bob’s Burgers.
Yes, forgot about the documentaries. Good programs there.
I guess the reason I subscribe to netflix is the very very low marginal cost. My comcast bill is like $200 / month, so at $17 / month, netflix is seemingly cheap. Honestly, I can go without it…. all I watch these days is news, sports, and HBO go.
I dont watch tee vee, let alone netflix. I waste enough time as it is already. No need to waste more of it – and pay for it. sheesh.
I love how the street buys into the operating margin expansion at the same time cash burn in accelerating. The only reason op margins are going up is because they are lengthening the amortization period on their content. It’s all accounting shenanigans.
My 17 yo son is a voracious netflix/youtube/amazon prime watcher. we were talking about netflix earlier this week and he mentioned it is dying from the perspective of original content, and amazon prime is far better. i don’t really know, the most “tv” i watch are new movie releases on my jailbroken firestick.
cut the cord many moons ago. easier to stream, especially with children you can easily control time spent and you can kick them off and tell them to resume at a later date. I know you can PVR, but to pay cable companies their ransom is crazy for the shit they put out when you can catch it on NFLX.
some of their original programming has been good as well like the ones mentioned above.
bottom line is not watching tv much but when we do its a binge.
I subscribed to binge watch Breaking Bad. Then I switched to The Walking Dead. I’ve got one more episode of The Walking Dead to watch and then I guess I’ll unsubscribe or maybe not. The kids and wife might want to keep it.