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Posted by
Two Blokes Apr 22 -
Filed in
Stock
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7 views
Netflix's Q1 earnings exceeded expectations, with a 12.5% y/y revenue growth, but showed deceleration from previous growth rates, raising concerns about its growth trajectory in a soft macro environment. A major slowdown in U.S. & Canada revenue growth rates after a January price increase may indicate that consumers are finally pushing back against Netflix. Beginning in Q1, Netflix is no longer reporting subscriber counts. I'm worried about elevated churn, especially as rivals like HBO Max are now priced slightly cheaper.
