Here are the numbers
EPS: $0.80 vs. $0.79 Expected
Revenue: $12.56B vs. $12.58B Expected
* Netflix forecast third-quarter revenue of $12.86 billion and diluted EPS of 82 cents
* Company will reduce viewing hours disclosure
* Second-quarter results roughly in line with forecasts
Disclosure I own Netflix
I think the earnings wasn't great no good numbers but I still have faith and will listen to the call. They need to expand with more live events and other offerings. I personally think they should go after NBC universal and go for the theme parks.
Also I don't like how they're not sharing engagement and only doing it once a year. I think it's right to get concerned here but let's give management the benefit of the doubt for here. They've been in rough spots and managed to climb back before.
Edit call is over, they mentioned free trials and if they did that I mean I feel you might as well allow user generated content as well. Netflix has the next biggest platform after Youtube, might as well use the distribution and they get to expand their library for free basically even if they do share revenue with those creators.
They said gaming is growing and I think that's good, they could shove ads in there eventually to monetise if they're not going to do Gacha game strategies.
I will be back for Spotify's earnings