netflix earnings q2 2020

By 22/10/2020 No Comments

That’s great. Do movies originate better or retain better versus TV shows? "We live in uncertain times with restrictions on what we can do socially and many people are turning to entertainment for relaxation, connection, comfort and stimulation," the company said in the traditional Netflix earnings letter to shareholders. OK. Got it. Believe it or not, earnings season for Q2 is just around the corner. So we've been pretty good about that, which is taking that upside and then converting it into more and more growth through service quality. But I think a film when it’s usually successful can be very acquisitive, can be attention, it could be retention driving and also it could be bring a lot of joy to our members, and series could do that as well. Stock Advisor launched in February of 2002. This quarter alone, with Floor is Lava and Too Hot to Handle, we had two of our biggest hits ever in that -- not just in that genre but in our -- all of our programming. Got it. And when we think about your margin guidance for next year in that context, you have been improving margins about 300 basis points every year, but it looks like there is incremental opportunity now, but the guidance for next year is consistent more or less with the broader framework. So that's how we're able to continue to release this ongoing steady flow. So it’s very broad-based and you can see that these members are coming in from everywhere in the world. That's great. Netflix reported earnings for its third quarter of 2020 after the bell on Tuesday. So we pick them back up. But more importantly, it actually speaks to what we think is a real member need. So we want to evaluate that and make sure that we're doing these on a positive revenue basis. But we’re still on that multi-year path to being cash flow positive and when we are sustaining cash flow positive, we expect to be a much bigger and more profitable business. I do see that there's opportunities. And so maybe, Reed, from your perspective, now that you have a relatively new setup, is there any kind of growth plans maybe that's out of the ordinary that you might be thinking about? Okay. And given the scale that you have right now, even small movements in churn can have a massive impact broadly on the entire income statement. ... "In Q1 and Q2, ... "As a result, we expect less growth for the second half of 2020 compared to the prior year." Yeah. Netflix Inc (NASDAQ: NFLX) Q2 2020 earnings call dated July 16, 2020 Corporate Participants: Spencer Wang — Vice President of Investor Relations and Corporate Development Some of that is permanent learnings as to how we can be more effective going forward. Right. And the other one was the kind of nimble nature of our creatives who could, on a dime, pick up post-production remotely on shows that we're already running. I mean generally Kannan, it doesn’t change too much. So we’ve been dabbling in unscripted and reality. So Kannan, you really nailed it. Last year, we had barely dabbled in competition and reality programming. It's pretty amazing. Where are we in terms of that mix in content? That’s great. And I was going to say, Kannan, it's a little oversimplified, but I think of it as when someone churns, it's always temporary. Let’s see how things are shaping up for this announcement.Coronavirus Outbreak Likely to Aid Subscriber GrowthNetflix’s solid content portfolio is expected to have aided it in gaining new subscribers in second-quarter 2020. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Returns as of 10/22/2020. So really think of it as the big franchises have come out of books and comic books. Netflix (NASDAQ:NFLX)Q2 2020 Earnings CallJul 16, 2020, 6:00 p.m. That's great, Spencer. See you at the top! We have a sequel to one of our biggest movies, Kissing Booth 2, the original, kind of birth of rom-com movement on Netflix with Joey King and Jacob Elordi. And we want those to adapt and evolve so that they can be responsive to the specific needs of a growing number of members around the world that have growing and diverse needs from our experiences. Maybe do we get a bit more movie-heavy initially compared to originals maybe later in the year? Our interviewer this quarter is Kannan Venkateshwar from Barclays Capital. Sure, I can start. So let me be really clear on that. The Coca-Cola Company (NYSE: KO) reported third-quarter 2020 financial results before the opening bell on Thursday. I mean what we've learned is that the Internet, as Reed said even last quarter, we know that's a more important part of our lives and that's kind of here to stay, and also that people love film and television shows. And if you do it well, people want to come back for more. So it's exciting. Every day, we work on making our service better, trying to make it so, you know the billboard on the front of the UI, you can just click and watch it and just like trust that result. This compares to the year-ago quarter when earnings were 60 cents per share on $4.92 billion in revenue. And so we're very much enthusiastic about being able to serve in that role. Net loss was $1.1 billion, or $1.96 per share, compared, © 2020 AlphaStreet Inc. All Rights Reserved, 3 key takeaways from Netflix’s Q2 earnings. So we’re going to keep investing in that model. And our service keeps getting better. Saintvilus' work has been featured on CNBC, Yahoo! And when we look at the first half in terms of the subscriber numbers, obviously, you guys did close to the numbers that all of 2019 did. So when you think about the way the world is evolving, it just seems like these two sides of the world are starting to converge, to some extent, both in terms of the kind of content, as well as the experiences. And so when you think about churn, given the COVID period and the increase in engagement, is that structurally leading to better churn performance in cohorts that are potentially newer, versus cohorts that came in earlier? Saintvilus is a Warren Buffett disciple who bases his investment decisions on the quality of a company's management, its growth prospects, return on equity and other metrics, including price-to-earnings ratios. Netflix also slashed its marketing costs by 28% and spent less on content production as television and movie sets were shut down. One, I think, great example is creating a sort of technical infrastructure that allows distributed content creators, artists, think about visual effects artists, animating artists to be effective when they're at home and collaborate collectively on assets. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Presidential Poll: Joe Biden's Lead Bounces As Donald Trump 2016 Voters Slip Away, IBD/TIPP Shows, How To Trade Growth Stocks: This IBD Rating Tells You What Stocks The Funds Are Buying Heavily. We’re thinking about how our user experiences work and the features that are included in there. Overview. Authors may own the stocks they discuss. I’d say, two things explain that variance. Obviously, we're looking at it as how much growth acceleration, how much membership acceleration do we get by adding a channel like that but then wanting to understand sort of what -- large are the revenue impacts, right? So it’s definitely broadening the management team and helping us grow even faster over the next 10 years. Questions that investors would like to see asked should be sent to kannan.venkateshwar@barclayscapital.com. So when you think about this mix, is it fair to think about reality shows or maybe documentary programming as being slightly better return and, therefore, the mix is shifting slightly more in favor of that? And most importantly, and ultimately it’s a win for consumers to sort of the benefactors of those better experiences. And so when you think about the way you manage this whole dynamic on yield, which is revenue maximization, obviously units a part of it, pricing is a part of it. Netflix has confirmed that its next quarterly earnings report will be published on Tuesday, October 20th, 2020. July 13, 2020. He has been an unbelievable role model and source of inspiration for me. But because of the pause in productions, you can see that basically, that cash spend and expense in content were the same this quarter, essentially at a one is to one ratio. And so we're looking at it qualitatively to sort of understanding what that member journey is and working with those partners to make sure that that's as positive, as friction-free as we possibly can. But the motivation really is consumer love for the programming not marginal cost savings. And our investment in time, energy and dollars goes into kind of building the conversation, the zeitgeist, the buzz around our shows and our stars and how do we make sure we amplify that even when you're not on Netflix. So it's an evolving relationship constantly but nothing unique in this subset of folks in terms of their watching and their churn behavior. Okay. But it’s the opportunity to accelerate that and make sure that we’re incrementally more effective during this period has been great and we’ll learn a bunch from it that I think will serve us quite well as we go back to a more normal working pattern.

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