Netflix loses nearly $45 billion in market
cap after ‘borderline catastrophic’
forecast' showed almost 3.5M FEWER subscribers
for 2022 first quarter
Daily Mail (UK) & Reuters,
by
Matt McNulty
Original Article
Posted By: Ribicon,
1/20/2022 10:59:38 PM
Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020, just a week after raising prices by up to $2 a month. The streaming platform projected it would add 2.5 million customers for the first quarter of 2022—January through March—less than half of the 5.9 million analysts had initially forecast.(Snip)The projection for the first quarter of 2022 is a steep drop-off from the fourth quarter of last year, with the world's largest streaming service adding 8.3 million customers from October
Reply 1 - Posted by:
SALady 1/20/2022 11:02:01 PM (No. 1045792)
We have a free subscription. Hardly ever watch it. As soon as the freebie is over, we are gone.
It's sad that such a great idea had to be destroyed by lie-beralism!!!
110 people like this.
Reply 2 - Posted by:
Highlander 1/20/2022 11:05:42 PM (No. 1045795)
The blame is cast everywhere but on its progressive slant, and wokery.
118 people like this.
Reply 3 - Posted by:
StephaniePlum 1/20/2022 11:29:05 PM (No. 1045811)
Finally, some GOOD news!
105 people like this.
or watch Netflixs?
5 people like this.
Reply 5 - Posted by:
Nashman 1/21/2022 12:14:04 AM (No. 1045831)
Maybe it was giving The Stain and the Wookie millions and millions of dollars to make mediocre woke propaganda. Maybe it was kiddie porn masquerading as an “art film”. Or the big budget “message” films with messages us “common folk” know is leftist crap. Or editing films like Blazing Saddles so little Karen doesn’t get triggered and have to go to her safe space. Whatever it was, you deserve it.
140 people like this.
Reply 6 - Posted by:
DVC 1/21/2022 12:41:20 AM (No. 1045837)
I WAS going to subscribe, but their damned leftist slant stopped me. I hope they fail.
77 people like this.
Reply 7 - Posted by:
formerNYer 1/21/2022 12:45:07 AM (No. 1045841)
Get Woke Go broke! - Netflix is liberal crap dress up as liberal crap.
113 people like this.
Reply 8 - Posted by:
GoodDeal 1/21/2022 12:56:36 AM (No. 1045851)
They need to factor in subscribers that left after they hired the Obamas to produce propaganda for millions of $$$.
113 people like this.
Reply 9 - Posted by:
XCenturion 1/21/2022 1:51:46 AM (No. 1045859)
A perfect example of a woke company bleeding customers and cash! Love it!
84 people like this.
Reply 10 - Posted by:
GustoGrabber 1/21/2022 3:14:00 AM (No. 1045867)
https://boardofdirectorssalary.com/netflix/
Among the board: Rice, Susan.
Shareholders unite.
77 people like this.
Reply 11 - Posted by:
Trigger2 1/21/2022 4:07:38 AM (No. 1045875)
Oh sure, with Barry at the helm, raise the price so high that no one wants to pay for it anymore.
45 people like this.
Reply 12 - Posted by:
Osprey21 1/21/2022 5:10:32 AM (No. 1045904)
HaHaHa
38 people like this.
Reply 13 - Posted by:
DCGIRL 1/21/2022 5:41:37 AM (No. 1045910)
Blame it on a stupid move on Netflix by placing the Obamas on the board.
66 people like this.
Reply 14 - Posted by:
Toby Ten Bears 1/21/2022 6:03:15 AM (No. 1045925)
Netflix, like most companies today are tone deaf to what their customers are looking for, entertainment not woke lectures... clothing not woke lectures, food not woke lectures, medicine not threats and lectures, work not threats and woke lectures...
58 people like this.
Reply 15 - Posted by:
Rinktum 1/21/2022 6:15:01 AM (No. 1045932)
One word, good.
41 people like this.
Reply 16 - Posted by:
WhamDBambam 1/21/2022 6:15:53 AM (No. 1045933)
Gee, too bad. Maybe investors should focus on something that actually produces value.
39 people like this.
Reply 17 - Posted by:
Dodge Boy 1/21/2022 6:22:56 AM (No. 1045939)
It couldn't happen to a nicer company. How's that woke thing working for you, netflix.
48 people like this.
Aw, Does this mean Barry and Michelle won’t get their cut?
30 people like this.
Reply 19 - Posted by:
Calvinesq 1/21/2022 7:34:37 AM (No. 1045980)
Justice is coming to the killer of Blockbuster. (Where did that red envelope go?)
24 people like this.
Reply 20 - Posted by:
RayLRiv 1/21/2022 7:39:55 AM (No. 1045985)
Don't watch it, don't care, Netflix. Bye bye!
29 people like this.
Reply 21 - Posted by:
Strike3 1/21/2022 7:48:56 AM (No. 1045994)
Drop the Obama productions. They NEVER have the movies I search for but always a lot of new garbage and kid stuff that nobody wants.
36 people like this.
Reply 22 - Posted by:
doctorfixit 1/21/2022 7:49:28 AM (No. 1045995)
Go Woke, Go Broke. Can't wait. When they were a DVD rental you could get decent movies. Now it takes forever to find something worth watching on Netsucks.
32 people like this.
Reply 23 - Posted by:
Otis Gill 1/21/2022 7:59:35 AM (No. 1046007)
Under the tutelage of the Obamas, Netflix produced a show entitled "Cuties" which sexualized children. CNN employees were all binge watching.
45 people like this.
Reply 24 - Posted by:
lennon47 1/21/2022 8:06:49 AM (No. 1046016)
Liberal bull crap...it ain't selling. Biden/obama ain't selling/
31 people like this.
Reply 25 - Posted by:
bpl40 1/21/2022 8:13:15 AM (No. 1046024)
Go woke. Go broke. When will they learn? Hopefully never!
19 people like this.
Reply 26 - Posted by:
Alecto2 1/21/2022 8:17:36 AM (No. 1046030)
For me, I have a different reason to be happy. I hope the price goes down more. It gives me a chance to add to my holdings. Price cratered because analysts never adjusted new subscriber number caused by price increase whereas NFLX's report reflected reduction.
5 people like this.
Reply 27 - Posted by:
Socio 1/21/2022 8:40:35 AM (No. 1046052)
And to think they are about to raise their subscription prices again, kind of like already having a broken nose then punching your self in the face.
27 people like this.
Reply 28 - Posted by:
Hermit_Crab 1/21/2022 8:43:56 AM (No. 1046055)
Hire 0bama, Business goes Kablama!
33 people like this.
Reply 29 - Posted by:
Speedypetey 1/21/2022 8:45:24 AM (No. 1046057)
We have a subscription and so many series that friends recommend have virtue signaling subplots thrown in. We loved Longmire and Ryan Reynolds violent humor but all the new movies seem preach with propaganda. Even Dave Chappelle was hard to watch as we were offended by the language, not the stories. The decline was expected.
15 people like this.
Reply 30 - Posted by:
hershey 1/21/2022 8:52:48 AM (No. 1046064)
They lost me when they signed on the Øbmammas...get woke go broke...too bad /sarc
25 people like this.
Reply 31 - Posted by:
bigfatslob 1/21/2022 8:55:18 AM (No. 1046069)
We took advantage early last year of the free trial. I watched one movie then told my wife to cancel it there was nothing there to watch, absolutely nothing we had it for three days. We have TCM in our satellite package which I watch all the time and a Western channel that's all I watch. Netflix can keep the Obama's as their flag ship I'm out of here they can stay woke. FN
23 people like this.
Reply 32 - Posted by:
udanja99 1/21/2022 8:57:45 AM (No. 1046074)
We have it but only because our daughter put us on her account. The only things I have ever watched were The Queen’s Gambit which was awesome, reruns of Downton Abbey and reruns of the old NCIS before it got woke and “diverse”. But there are only so many times you can re-watch without getting bored.
I’d rather read good book.
24 people like this.
When will people wake up?! Cushy board of director jobs and book deals are bribes right out in the open.
These companies were formed by the elite globalists, and exist for this very purpose. That is why they do not react to market pressure or boycott. They have very deep pockets and their profit motive goals are much more long term than quarterly income.
14 people like this.
Reply 34 - Posted by:
columba 1/21/2022 8:58:45 AM (No. 1046077)
The only thing I know about Netflix is that they disseminate pornography. If that is so, then they have earned a life in the poor house for the rest of their earthly lives.
24 people like this.
Reply 35 - Posted by:
Red Ghost 1/21/2022 9:06:26 AM (No. 1046085)
Best news of the day. Don't let the door hit....well y'all know the rest. Now if only Coke, Pepsi, Delta, Kohler, Nike............well I can dream can't I?
15 people like this.
Besides the wokeness people now have to choose between eating, transportation and entertainment because of inflation. Democrats just don't anticipate what really is going to happen instead of their unicorn and rainbows approach. Goodbye entertainment especially politically slanted stuff. You have to eat and need to get around. Money doesn't go as far anymore.
19 people like this.
I canceled the day I read Netflix handed the Obamas $40 million to ostensibly produce movies. This was a not-so-clever payoff for something he did as president. We may never know what but rest assured it was a payoff.
38 people like this.
Reply 38 - Posted by:
Muguy 1/21/2022 9:41:38 AM (No. 1046120)
Like so many things, they veered so far off course from their original purpose that I dropped them years ago.
Disney has bought up so many of the programs I used to watch on television that if dropped the "free" one-year preview before it ran a month.
I must admit though, I did watch an hour of "The Incredible Dr. Pol" last night, and did not feel like it was woke propaganda...
s/off
8 people like this.
Reply 39 - Posted by:
TJ54 1/21/2022 9:47:09 AM (No. 1046128)
Must be the Obozo’s reverse Midas touch!
16 people like this.
Reply 40 - Posted by:
Trapper 1/21/2022 9:47:35 AM (No. 1046129)
Content. Content. Content. It is about content, and nothing else. Give people what they WANT, instead of trying to force feed them a bunch of woke propaganda that YOU want them to have.
People want traditional nuclear families, traditional values, and hopeful positive story lines with people who look like them. So they left Netflix, and where did they go? No surprise. They went over to the Hallmark channel. BIG time. Duh! Will Netflix learn? Probably not. Will Hallmark develop a bad case of hubris and try to morph itself into another preachy woke Netflix? We shall see. Hope not.
17 people like this.
Reply 41 - Posted by:
Jackie 1/21/2022 9:56:07 AM (No. 1046142)
I quit many years ago and when I called to cancel, I told her I was fed up with the porn and smut ..Then along came O'Dumbo and I was happy I did. I hope they continue on the downhill path.
18 people like this.
Reply 42 - Posted by:
Bassman1911 1/21/2022 9:56:19 AM (No. 1046144)
Go woke, go broke. Suck it Netflix. Cancelled my subscription the day they hired Obama.
20 people like this.
Reply 43 - Posted by:
Jennie C. 1/21/2022 10:12:05 AM (No. 1046170)
Yes, it's the perfect time to raise your prices, Netflix.
14 people like this.
Reply 44 - Posted by:
Zigrid 1/21/2022 10:12:28 AM (No. 1046171)
Never was a member...I have my own library of favorite films...when the big media dudes decided to cancel Gone With the Wind...I decided that I would control what I saw...not the dudes...and tom hanks can blow in the wind...his condescending commercial about how bad America is...did it for me...he should remember his words...."stupid is as stupid does"...AND prince harry's disrespect for his his grandfather's passing left me with no regard for him....at all...so oprah's attempt at promoting the Meghan myth is done...good luck Netflix with your closet of misfits...
18 people like this.
Reply 45 - Posted by:
smokincol 1/21/2022 10:22:51 AM (No. 1046191)
but hosingyou obama is still getting his multi, multi million dollar cut of the losses, even though he and the real Mr. obama are living better than any black, half-black citizen(s) of this country. hosingyou and Mr. hosingyou will be THE richest black, half-black citizen(s) of the world before very long, if they aren't already.
6 people like this.
Reply 46 - Posted by:
cor-vet 1/21/2022 10:28:28 AM (No. 1046198)
Sorry Poster #40, but Hallmark is on its way to 'wokeness!' The only reason we have a satellite feed, is because the wife loves Hallmark. While reading my novels while she watches, I've noticed that the stories are now like diverse commercials, with their not too bright Whites, mixed couples, super intelligent blacks able to solve all the problems, the lgbtq+ characters and same sex partnerships. It won't be long before she will tire of it and like the Dodo, TV will become extinct in this house!
20 people like this.
Reply 47 - Posted by:
clayusmcret 1/21/2022 10:42:32 AM (No. 1046226)
We've had the DVD by mail subscription since it first started. When they went to the streaming service, we almost quit because they tried to push us into it. Eventually they gave in and we stayed. My son's family has the streaming service and I've found a unique problem with it. Try this. Think of a movie that's not in the just released category, and then search for it on Netflix. You won't find it. You'll find similars, but not the one you're randomly search for. I've tried it on his Netflix with 100% lack of success.
9 people like this.
Reply 48 - Posted by:
bighambone 1/21/2022 10:50:52 AM (No. 1046242)
Well NETFLIX got political by bringing in the Obama’s’, some of Obama’s operatives, and the likes of Meghan and Harry, so what would they expect to happen during such highly political times across the country?
10 people like this.
Reply 49 - Posted by:
mc squared 1/21/2022 10:55:25 AM (No. 1046252)
I was going to cancel but I read they now have a three-part Kanye West documentary.. I'd pay ANYTHING for that!
2 people like this.
Problem with Netflix is that you have to dig for what you want to watch. They have a lot of great stuff on the channel that is not from Hollywood. We enjoy UK/European and SE Asia productions all the time on Netflix. We just don't go for the garbage that Obama and his ilk are pushing.
9 people like this.
Reply 51 - Posted by:
Lawsy0 1/21/2022 1:22:16 PM (No. 1046438)
Did Netflix ever figure out how many customers they lost when they announced their tribute movie to Obama? Not only that, but every channel on earth with any kind of audience now does streaming (whatever that is) but Roku is bound to have eaten their lunch, if only the fruit and pudding cup.
0 people like this.
Reply 52 - Posted by:
Strike3 1/21/2022 1:53:58 PM (No. 1046469)
How does it feel to be the CNN of streaming services?
If you have gone woke you will see the damage you have done to yourself by alienating half of the country, guaranteed. Too bad you chose the half that makes all of the money because they have worked for it.
5 people like this.
Reply 53 - Posted by:
judy 1/21/2022 2:12:15 PM (No. 1046482)
Gee they had Michelle, Barry, Harry & Meghyn.
3 people like this.
Reply 54 - Posted by:
rabblerouser 1/21/2022 3:26:02 PM (No. 1046543)
I haven't had Netflix since they decided to employ the Obamas. No regrets.
2 people like this.
Reply 55 - Posted by:
Butch 1/21/2022 4:21:37 PM (No. 1046587)
Oh yes, #10, Susan Rice pulled in a tidy US$285,978 in compensation as a board member. I don´t own any Netflix stock, but if I did, I´d be frosted.
BTW, Netflix was co-founded by one Marc Randolph. According to Wikipedia "One of Randolph’s paternal great-granduncles was psychoanalysis pioneer Sigmund Freud. Another paternal great-uncle of Randolph was Edward Bernays, an Austrian-American pioneer in the field of public relations and propaganda." Propaganda. Oh, I see now!
2 people like this.
And yet they pass out $ Millions like it was nothing to the Obamas and those so called royals .
2 people like this.
Reply 57 - Posted by:
snowoutlaw 1/21/2022 5:33:00 PM (No. 1046646)
Its not just Netflix, the whole stock market is way down, in a correction, S&P500, NASDAQ, DOW30 all back to where they were about a year ago. Why are there not news stories all over about that?
1 person likes this.
Reply 58 - Posted by:
Rush Was Right 1/21/2022 5:54:47 PM (No. 1046659)
They're programming has gone way down hill. I don't have a subscription, but I've surfed around on it through a friends ID and password. It's one woke piece garbage after another. Too bad, because years ago they had some good shows.
1 person likes this.
Reply 59 - Posted by:
Gazela 1/21/2022 7:50:41 PM (No. 1046759)
Huge difference between Netflix and Amazon Prime. It’s ironic that Netflix rode the streaming wave and now has biffed itself on the beach. Liberals always talk about boycotting companies that advertise on media that occasionally tell the truth, but it’s the “woke” companies that end up taking in the shorts.
1 person likes this.
Reply 60 - Posted by:
scottj 1/21/2022 8:09:22 PM (No. 1046783)
They decided to go with The Obamas. How did that work out? Netflix is extremely liberal. I canceled my subscription. Netflix sucks.
1 person likes this.
Comments:
Gee, that's too bad. Are people demanding even more child sexual behavior, or the long-awaited Harry Markle material, or what?