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MarketFoolery

Netflix Eats The World

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 20 January 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

Netflix soars 14% higher after global subscriber growth comes in much higher than Wall Street was expecting. Procter & Gamble puts up strong quarterly numbers that fail to move the stock. Alibaba shares pop on a long-awaited sighting of founder Jack Ma. Tim Beyers analyzes those stories, and shares why U.S.-China relations is the key to chip maker ASML Holdings’ year ahead.

Transcript

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0:00.0

It's Wednesday, January 20th.

0:04.0

Welcome to Market Foolery.

0:05.0

I'm Chris Hill with me today.

0:07.0

It's our man in Colorado, Tim Byers.

0:09.0

Good to see you.

0:10.0

Good to see you too, Chris. How's it going?

0:12.0

It's going pretty well. We've got some

0:14.8

tech equipment news. We've got consumer goods in the news, but we're gonna start

0:19.9

with the stock of the day and that is Netflix.

0:23.0

Fourth quarter revenue came in a little higher than expected.

0:26.0

Profits were on the light side, but Netflix added 8.5 million global subscribers. That's about 2 million more than Wall Street

0:35.4

was expecting and shares up 14% today. It's it's pretty impressive here. I think what we can say now officially is that in the

0:46.8

streaming wars Netflix is Coke, Disney Plus is Pepsi, everybody else can take a seat.

0:53.8

Or I don't know who the RC Cola here is, Chris,

0:57.4

but clearly Netflix is the Coke.

1:00.6

I mean, just take a look at those 8.5 million subscribers. The thing that really stands. the are from overseas and this is something that really shouldn't surprise us but I think

1:14.8

does surprise the street because we think that Netflix is a U.S. company and they are.

1:21.3

I mean they do get a lot of their revenue and profit from the

1:25.1

U.S. but they are increasingly ceding programming around the world in foreign

1:30.4

languages with local producers, local talent.

1:33.4

But here's the other thing that's really interesting.

1:35.4

I haven't watched this yet, Chris, but I have a conspiracy theory about this,

...

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