[Chris Johnson Penny Hawk Header]( Thursday, July 20, 2023 Hello â The OG Blockbuster killer - Netflix Inc. (NFLX) dosenât have an earnings problem rather it had an earnings expectation problem ahead of earnings last night⦠On an Earnings Per Share basis (EPS) NFLX did phenomenal but the top line - the revenue number - came in lighter than analysts expectations. They came out guiding wall street higher but still a lighter revenue number over the next three months. Netflix has long been the streaming giant that all of the other streaming services have tried to emulate - some more successful than others but thatâs irrelevant. They are currently making a few business decisions that are landing them in hot water with the consumer, mainly the crackdown on password sharing. The expectation they put forward was this would increase revenue, according to the balance sheet thatâs not the case - at least not yet⦠Over time Iâm sure they will come out with another Nexflix exclusive that will bring alot of the âfreeloaderâ members back and buying their own subscription. Now you might also be thinking that these strikes from the writers and screen actors guild might play a hand in this, but itâs likely they have a backlog of content ready to go. So, how can you take advantage of the erratic move? Well, check out the video I just posted to the Money Morning YouTube Channel. Iâll dig into the streamers earnings results, how the stock reacted today, and more importantly, what I expect from the stock in the coming weeks: Chris Johnson By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Penny Hawk. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team:
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