Breaking Down Netflix Earnings, President Biden’s Nominee for DOJ Antitrust Chief & the Latest NFT Trend
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 21 July 2021
⏱️ 44 minutes
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| 0:00.0 | I'm Julia Borsden, and you're listening to CNBC's Tech Tech. |
| 0:03.5 | Our show is live weekdays at 11 a.m. Eastern, listen in. |
| 0:28.4 | Happy Wednesday. Welcome to Tech Check. I'm John Fort with Deirdrebosa and Julia Borsden. Carl's off this morning. |
| 0:35.6 | Today, growing pains or amidstice. We debate earnings out of Netflix and then another big tech critic heads to Washington. More on Biden's DOJ antitrust pick this hour and later, revaluing thing. |
| 0:41.3 | Leon Cooperman said he missed the boat on Facebook, but are you too? |
| 0:47.1 | Also, moving this hour, John, names like EA Zillow and The Real, we will tell you why in just a moment. |
| 0:55.2 | And Netflix subscriber grows slowed dramatically in Q2, but the company also laid out a shift in strategy, |
| 1:02.0 | looking at the numbers for the quarter of the streaming giant beat slightly on revenue |
| 1:05.7 | and added more than a million and a half users globally, but it missed on earnings per share, |
| 1:11.6 | and it lost over 400,000 subscribers between the U.S. and Canada between the first and second quarter. |
| 1:17.1 | The forecast also lowered than analysts we're looking for for subscriber growth for Q3. |
| 1:21.8 | Netflix is forging ahead, though, with their latest strategy gaming. |
| 1:25.7 | The company's product head Greg Peters announcing that Netflix |
| 1:28.8 | will start off with mobile offerings in the main app and it will be available and no additional |
| 1:33.5 | cost to subscribers. All of this comes as Netflix struggles to hold on to its market dominance |
| 1:39.1 | with the global market share of audience demand falling below 50% for the first time since 2015. That is according |
| 1:46.1 | to parrot analytics. Now, guys, this parrot study is interesting because it's really only looking |
| 1:50.7 | at original originals and also intent to view how aware people are of these titles. And to me, |
| 1:57.2 | the fact that that market share is declining really speaks to the growth of Disney. |
| 2:01.4 | Don't you think, John? |
| 2:02.3 | Well, I mean, there were two things in particular that I got from this report, Julie. |
| 2:06.9 | I'm interested in your take. |
... |
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