1. It is a complete embarrassment that Netflix executives won’t take calls directly from investors and instead play the shield through an analyst game. It is a second embarrassment that JP Morgan allows their analyst to be the shill. Where the heck is Jamie Dimon on this steaming pile of conflict as he is on every JPM earnings call I think since the Banc One deal, excepting health or family issues.
LOS GATOS, Calif., April 19, 2022 /PRNewswire/ — Netflix, Inc. (NASDAQ: NFLX) has released its first-quarter 2022 financial results by posting them to its website. Please visit the Netflix investor relations website at http://ir.netflix.net to view the Q1’22 financial results and letter to shareholders.
A video interview with Netflix co- CEO Reed Hastings, co-CEO & Chief Content Officer Ted Sarandos, Chief Financial Officer Spence Neumann, COO & Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time at youtube.com/netflixir. The interview will be conducted by Doug Anmuth, JPMorgan. Questions that investors would like to see asked should be sent to douglas.anmuth@jpmorgan.com.
2. NFLX stock going from $700 to $222 are just numbers moving and says nothing about value. There is $106 billion in enterprise value, and the next question is what margin to you place on roughly around here revenue – the new “20%” – or the “margins will be a lot higher when we start growing again” margin. Get that right and you can answer the question about value.
3. This guy couldn’t:
(Bloomberg) Pershing Square Holdings said it sold its investment in Netflix today after purchasing it earlier this year.
*Loss on the investment reduced Pershing Square Funds’ YTD return by 4 percentage points
*As of today’s close, Pershing Square Funds are down about 2% YTD
*“While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty.”
And from one portfolio manager to another, that may the right or wrong move, but it takes a lot of gumption to very publically eat the bird – NEVER easy to do.
4. Netflix is a real business model started and run by an extraordinary CEO…still. It is absolutely nuts how many more overvalued messes there still are out there.
5. I cannot wait to see the employee turnover in the next year. I will posit VERY few people in the tech and media world give a rats about really changing the world with an option package 50% underwater. Rats and ships.
