The streaming company reported 220.67 million subscribers at the end of June, down from 221.64 million the previous quarter, which was itself down from 221.84 million at the end of last year. Its loss of one million subscribers is actually better than what was projected; CFO Spence Newman had previously speculated they'd lose two million. Netflix revenue was up 9% year-over-year.
It's still a highly profitable company that has consistently beat earnings expectations. It's stock price actually went up on this news.
Netflix stock is only $215 now, though. It hasn't been that low since the end of 2017. The old stock price peak of $690 was based on projections of near-limitless growth, with people thinking that Netflix would consume the whole world and get over a billion subs. Instead, it capped out at only about 220 million.
Netflix did the right thing when it got nut punched, and decided to knife all the wokes in the back. We should be encouraging that.
Also, remember that the most powerful strike against the trannies in the culture war came from the Dave Chappelle special "The Closer" which caused a tranny eruption where Netflix stood by Dave Chappelle and fired the tranny that was trying to agitate against them.
So honestly I'm pretty happy with Netflix and think they are moving in the right direction.
Do not let the perfect be the enemy of the good. Do not let seething over Netflix's past wrongs cause you to be satisfied with nothing less than its destruction. That's not how you win wars.
It's still a highly profitable company that has consistently beat earnings expectations. It's stock price actually went up on this news.
Netflix stock is only $215 now, though. It hasn't been that low since the end of 2017. The old stock price peak of $690 was based on projections of near-limitless growth, with people thinking that Netflix would consume the whole world and get over a billion subs. Instead, it capped out at only about 220 million.
Netflix did the right thing when it got nut punched, and decided to knife all the wokes in the back. We should be encouraging that.
Also, remember that the most powerful strike against the trannies in the culture war came from the Dave Chappelle special "The Closer" which caused a tranny eruption where Netflix stood by Dave Chappelle and fired the tranny that was trying to agitate against them.
So honestly I'm pretty happy with Netflix and think they are moving in the right direction.
Do not let the perfect be the enemy of the good. Do not let seething over Netflix's past wrongs cause you to be satisfied with nothing less than its destruction. That's not how you win wars.
This are the same people that did Cuties and the new RE series. I'll give them the benefit of the doubt when they put out some good content.