Leader Change – The Netflix Earnings Report 📺

Leader Change – The Netflix Earnings Report

At last, there is only one remaining founder out of the well renowned “FAANG” companies. Steve Jobs left Apple in 2011 a few months before he passed away, handing the mantle to Tim Cook. Google saw Sergey Brin and Larry Page depart in December of 2019, a year and a half before then-world’s richest man Jeff Bezos left Amazon. Between Netflix and Facebook, the public would likely want Mark Zuckerberg gone first, but he is indeed the last-standing cofounder out of the classic Big Tech Names.

On Thursday, it was announced in conjunction with their earnings report that Netflix founder Reed Hastings will be stepping down as co-CEO and will now take an Executive Chairman role in the company. This comes with a major earnings beat for Netflix, adding 7.7 million subscribers in what was a great way to end a shaky 2022 for the company. It’s amazing to see how far Hastings brought the company from a DVD-by-mail business to introducing the world of streaming, which is now one of the most competitive industries. Hastings went from getting rejected by Blockbuster for a buyout deal to stepping over the company’s grave on their way to the top, but the future provides a new landscape for Netflix that they must adjust to. Now that the industry has so many large players, investors are looking for profitability instead of subscriber growth, and this explains the recent moves Netflix has looked into. According to the earnings report, the ad tier has had a good start so far, and they are still looking into how to fully tackle the account sharing problem. Fortunately for Netflix, they will still have Hastings at their side in a similar role Bezos currently serves for Amazon, and his expertise will help steer the streaming giant into the future.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

What is a kids brokerage account?

23 March, 2023

A kid’s brokerage account is more accurately called a custodial account. This is a brokerage account that parents or legal guardians can open on behalf of their child.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.