So Netflix got a report card of sorts. It’s not a good one. Netflix is slipping. But what are they going to do about it?
So here is the report card. Netflix added fewer subscribers than their stockholders hoped for. It also fell behind their own forecasts for Q2 2018. In fact, some graphs and charts show they added the fewest new subscribers in a year. These aren’t just minor setbacks. Because these setbacks are so bad that they had to knock off $10 billion of their budget. The last time I checked, a few minutes before, Netflix’s stock prices are down over 8%. They’re bracing for their worst day on Wall Street in two years.
This comes as a very bad time for Netflix (when is a good time for this). They’re spending billions on original content. They want to build a fan base, and hope to outdo Comcast. Furthermore, another graph shows that Netflix is slipping. In fact, their ratings are the lowest in several months. Netflix leaders assure shareholders about long-term successes. They have a point. Netflix has a hecka good 2017. In fact, graphs show Q4 2017 was the quarter of Netflix’s life. Then you have the shares. Just a month ago, they were at an all-time high.
But you know what I’ve learned in the IT service and IT support game? It’s not about what you did yesterday. That’s history. Where are you going? That’s what counts. But Netflix overcame hardships before. Remember the North Korea movie controversy? Also, in the spring of 2016, they had a Netflix drop in number of subscribers. But after that, they went through a huge boom. But it looks like the boom is ending. So I don’t think Netflix stockholders should panic. Netfix is slipping right now. I think they will bounce back and hopefully, beat Comcast. What do you think?