Loup TV 130: Netflix Casts Shadow Over Tech Earnings

Loup TV 130: Netflix Casts Shadow Over Tech Earnings

Takeaways:

  • Netflix missed their guidance for December and guided March sub adds down by 64%. While it’s common for Netflix to guide below the Street, the magnitude of the guide down is greater than typical.
  • Netflix is now trading at 6% higher than the pre-pandemic price which is testimony to the market focus for future growth.
  • Brace yourself, these results cast a shadow on the rest of tech. We will be paying most attention to the true tech barometers — Apple (reports on January 27) and Google (reports on February 1). Until Apple reports and we hear from the Fed, the tech market will be edge. 

Disclaimer

Apple, Google, Netflix, Themes