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MarketFoolery

Netflix, Chipotle, Snap

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 22 April 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

Netflix adds 16 million global subscribers. Chipotle’s digital sales grow 81%. Shares of Snap rise 30% on strong growth in revenue and daily active users. Jason Moser analyzes the latest earnings reports from all three.

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Transcript

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0:00.0

It's Wednesday, April 22nd.

0:04.0

Welcome to Market Fullry.

0:05.0

I'm Chris Hill with me today.

0:07.0

Mr. Jason Moser.

0:09.0

Good to see you.

0:10.0

Hey, it's good to see you too, man.

0:11.0

I'm missing the day to day that we normally get to enjoy at the office. So being able to connect like this, I think it's keeping us all sane to at least a degree.

0:21.0

Yes, to a degree. Slightly less insane. We got earning season heating up. We're

0:27.8

going to talk a little restaurant. We're going to talk a little social media. We're

0:31.8

going to start though with Netflix because Netflix added

0:35.3

16 million global subscribers in the first quarter and I don't know I wasn't surprised where I mean I wouldn't have you know

0:46.5

picked that exact number but the fact that they added that many that's not a

0:50.6

surprise. Well I mean to be clear management didn't pick that number either, right?

0:55.2

I mean that was about double.

0:56.2

I think what they forecast, but they also didn't, you know, forecast a situation on the ground

1:01.9

to be what it is today.

1:02.8

So I mean the sub numbers were terrific.

1:05.4

And really that was strength in every geographic region

1:09.7

in which they report.

1:10.8

It was really encouraging from that perspective. I mean this was a bit of a

1:13.4

tale of two earnings reports in that the user growth was tremendous obviously. The financial is a little bit less so.

1:20.3

And they attribute some of that to currency effects.

...

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