Wall Street Breakfast April 20: Netflix Earnings Call: Monetizing Shared Passwords; Moving Toward Advertising

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 20 April 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Netflix, competition hot in the high-stakes streaming media space. Elon Musk is keeping Twitter and its investors on tenterhooks Wednesday after sending another tweet. The Biden administration is launching a $6B program to rescue nuclear power plants at risk of closing.

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis.
0:06.5	Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.
0:10.8	Good morning. Today is Wednesday, April 20th,
0:13.4	and I'm your host Julie Morgan.
0:15.4	Our top stories, Netflix, Twitter, and Nuclear Power Plants.
0:19.8	What is Netflix saying about their growth
0:22.1	or lack thereof?
0:23.5	Is this Twitter deal happening or not?
0:26.3	And President Biden is promising to stress nuclear power plants money.
0:30.5	How much?
0:31.3	Here we go.
0:32.0	Netflix lost 200,000 subscribers, which is a far cry from his projection of adding 2.5 million.
0:39.0	Netflix shares were 26% lower post-market Tuesday at the release of the company's earnings executive review.
0:45.6	The streaming giant acknowledged that growth was not what it wanted and said the reasons for
0:50.4	the dip are four interrelated factors.
0:53.0	One, the pace of growth into broadband homes is partly dependent on factors that are out of the company's control.
1:00.0	Two, there's a lot of competition out there.
1:02.0	Three, a bunch of competition out there.
1:02.6	Three, a bunch of things all wrapped up into one,
1:05.5	including the economy, inflation,
1:07.5	as well as Russia's invasion of Ukraine.
1:10.2	And four, unpaid password sharing, not on their list, the 3% price increase in the
	...

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