We cannot believe one of the most popular company has decreased by almost 25%. Even if the earnings are not “significantly” lower than the forecast prepared by Investing.com, the amount of subscribers who fled amid Russia-Ukraine conflict is shocking. As our team informed this morning the decrease amounts to 700 thousands!
Netflix (NFLX) Earnings – What caused the drop?
Our team reviewed the report. According to Netflix’s Letter To Shareholders:
Second, in addition to our 222m paying households, we estimate that Netflix is being shared with over 100m additional households, including over 30m in the UCAN region. Account sharing as a percentage of our paying membership hasn’t changed much over the years, but, coupled with the first factor, means it’s harder to grow membership in many markets - an issue that was obscured by our COVID growth.
The Query: How To Get Cheaper Netflix Will Finally Get The Answer?
According to CNBC and Netflix's CEO, growth could be resumed and accelerated by introducing advertisements to Netflix what sound really interesting both for market and users.
Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM
Netflix (NFLX) Chart
(TSLA) Tesla Earnings Coming Shortly!
How will it influence S&P 500 and Nasdaq? We’re awaiting market open and let you know! In the meantime we’re discussing the outlook of companies which are about to release their earnings. Today, we’re awaiting announcements of i.a. Procter&Gamble (PG), Tesla (TSLA) and Danone (DANOY) to publish the figures.
(USOIL) Crude Oil Price Ahead Of Crude Oil Inventories
Over last 5 days the price of crude oil has been trading really, really high, inching $110 level inspiring analysts to prepare forecasts for the near future. A prediction we find crucial is the one JPMorgan:
*OIL MAY HIT $185 IF EU BANS ALL RUSSIAN OIL IMMEDIATELY: JPM$CL_F #OOTT
— Investing.com (@Investingcom) April 19, 2022
Crude Oil Chart shows a 2% decrease gained over last 5 days. Today we haven’t heard of any shocking news coming from the eastern Europe according the Russia-Ukraine War.
Crude Oil Price Chart:
Source/Data: Investing.com Earnings Calendar,
Investing.com Economic Calendar,
CNBC, IR.NETFLIX.COM, TradingView.com
Charts: Courtesy Of TradingView.com
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