HardOCP News
[H] News
- Joined
- Dec 31, 1969
- Messages
- 0
Netflix proved once again that most analysts are idiots. It was all doom and gloom this morning, 8 hours later, Netflix delivers the exact opposite of what analysts had predicted.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Is it me or is the picture of the Netflix financial statement in the article missing the last two lines over the [H] one... namely the line that shows a loss of $51 million in Free Cash Flow?
Or how about with almost 1 billion dollars worth of revenue but posting only 8 million dollars in profit.
Or how about with almost 1 billion dollars worth of revenue but posting only 8 million dollars in profit.
again analyst's, forecasters, projection planners don't have a crystal ball, all about current and previous data, and where they think it is going.
Amazing how much better your company does when the CEO shuts his mouth for a little while and they stop doing everything they can to piss of the customers who give them money.
Very true. Now all they have to do is actually start getting some current content and I'll be happy
Well, that is more in the control of the studios ... I am wondering if Netflix might add the rental model of Vudu, Amazon, and iTunes though so that they can get access to the newer movies for streaming ... I wouldn't hold my breath on getting new movies for streaming while they are still in the sale/rental window though (from any legal service) ... studios would want too much money to make that viable
Amazing how much better your company does when the CEO shuts his mouth for a little while and they stop doing everything they can to piss of the customers who give them money.
If they were to even suggest that, all the self entitled titty babies would throw a fit that Netflix was asking for more money. Personally, I wish they'd just double their rates and get more content, but everyone wants something for nothing so they can't raise prices without everyone going apeshit about it.
I continue to marvel at all the scorn and hatred heaped upon Netflix when they truly continue to be singular in their field. They've still go so much more to offer than services like Hulu and Amazon VOD, but people seem to hate their guts.
Sometimes I think the animosity is ginned up by the MPAA and their cohorts who see Netflix as a threat to their current business models.
No it isn't. Netflix's cash on hand pales in comparison to the others in the field. The problem with Netflix is that there isn't a whole lot of room them to grow.
They don't charge enough, which they are kinda fucked when content providers want more money and people will leave if they double prices, not to mention that other providers will come in if they are charging too much and try to undercut. That is if people truly are paying 29.99 a month for netflix vs cable per say.
The other problem is that with all the money they owe out to content providers and how much it costs to provide their DVD arm there really isn't huge profit margin for them to attract investors and there isn't a huge push for them to globally expand due to their cash on hand problem so new subscriptions will lag for a little bit until earnings prove other wise.
In other words, they're forgoing the bottom line in favor of changing the industry. Shouldn't that make them revered as a corporation? Don't people constantly bitch about companies worrying about profits(the entire point of starting companies) and wish that there were some sort of "noble" goal?
No that isn't how it works at all. Just look at Facebook for an example.
Investors are greedy, and most demand percentages of x amount per year as returns. Probably no less than 8 percent. When inflationary growth is around 3 percent investors demand double that. And this is probably on the cheaper funds.
Some fund managers are looking for double digit returns. Biggest scam in history. Middle class people burn at the stake people on wall street, but almost everyone has a 401k and almost everyone demands a decent return just so they have enough money in retirement.
...if that's not how it works, then why isn't Netflix charging more? Those awful, awful hedge fund managers don't seem to be getting their way.