• What Wall Street Doesn't Want To Say About Netflix Guidance For Subscriber Growth

    April 21, 2021
    6
    "Cancel Netflix" banner used by the Defective by Design campaign led by the Free Software Foundation

    Please Follow us on Gab, Minds, Telegram, Rumble

    Yesterday, the online streaming service Netflix reported a massive miss in subscriber growth for the first quarter. The company, and Wall Street, paraded all kinds of excuses for the miss -- the pandemic, production delays, yada, yada.

    However, Wall Street and its darling Netflix would not mention on the earnings conference call the most likely reason for the miss -- Netflix is peddling material the Deplorables absolutely despise, and are Hell bent on punishing after the illegitimate inauguration of Joe Biden on Jan 20th (the beginning of the first quarter).

    Shares of the streaming giant fell nearly 7.5% on Wednesday following the company’s first-quarter earnings report. Though Netflix beat earnings and revenue estimates, a large drop in subscribers put a crimp on the stock, reported CNBC.

    • Global paid net subscriber additions: 3.98 million vs 6.2 million expected, according to Factset

    Netflix said the slowdown in subscriber numbers could be blamed on the ongoing coronavirus pandemic, which forced the company to delay some of its big-name shows and films. 

    “We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” Netflix said in its letter to shareholders.

    We find the excuses being given very similar to those spouted by the NFL, NBA, who refused to admit anti-American behavior contributed to their viewership collapse over the recent time frame.

    Wall Street says 'everything's fine' for Netflix.

    We don't think everything's fine. The Deplorables have had enough. But you can't say this on Wall Street.

    Keep The Truth Bombs Coming From CDMedia! Donate!  

    Author

    Avatar photo

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of
    guest

    6 Comments
    Inline Feedbacks
    View all comments
    Cathy Kaech

    We cancelled when they put Susan Rice on the board, and when the Obamas started having a say in Netflix movies. No thanks

    Tim

    I canceled when they became obsessed with homosexuality.

    DemAreEvil

    Nutflix.....nothing but ANTI American DOCS.....how meat is KILLING the world, how EVERYTHING non-radical left is KILLING the world, how OIL is KILLING the world, how cars are KILLING the world.

    On another note if you make an ULTRA LEFT WING NUT JOB video, Nutflix will probably give you a few hundred grand for it.

    PAT CARROLL

    The pandemic kept hundreds of millions locked in at home so Netflix should have GAINED viewers. Duh. Burt their content sucks really really bad. I canceled last year for that reason.

    Kjenkinsaf

    I and everyone I know has stopped watching professional sports and cancelled subscriptions to streaming services like netflix, exactly for the reasons enumerated above. People can take only so much garbage being shoved down our collective throats before we vomit and refuse to open our mouths any longer.
    Depicting the absolute worst behavior:
    1) Murder (both small and large)
    2) Homosexuality
    3) Promiscuity
    4) Pornography
    5) Child abuse
    6) Horror/devil worship
    I feel like i was born in the wrong decade. Complaints fall on deaf ears.

    Sheryl Iverson

    I canceled when they promoted Child pornography with the movie Cuties

    magnifierchevron-right

    Subscribe to our evening newsletter to stay informed during these challenging times!!