Netflix Plunges On Revenue Miss, Ugly Guidance, Deteriorating Fundamentals

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Mon, 07/25/2011 - 16:40 | 1492002 ihedgemyhedges
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Oh Robo, where art thou Robo?

Mon, 07/25/2011 - 16:51 | 1492051 JohnG
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Mon, 07/25/2011 - 16:54 | 1492062 the mad hatter
the mad hatter's picture

Tyler, you forgot about competition from Amazon's VOD for Prime subscribers

Mon, 07/25/2011 - 16:57 | 1492071 Sudden Debt
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     ....dried bush rolling by in the wind...

while the standoff song of "the good, the bad and the ugly" plays...

Mon, 07/25/2011 - 20:17 | 1492549 msamour
msamour's picture

That would be tumble weed my friend if you want your statement to have the impact you were hoping for. There fixed it for ya. ;)

Tue, 07/26/2011 - 02:05 | 1493614 StychoKiller
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"Easy as cake!"  Darn bloody fureigners, don't know englich very well!

Mon, 07/25/2011 - 18:58 | 1492336 Freddie
Freddie's picture

Pirate Bay IPO - bitchez!

Mon, 07/25/2011 - 16:40 | 1492003 jkruffin
jkruffin's picture

The price increases they imposed are going to kill their growth and retention numbers.  They just signed their own death warrant.

Mon, 07/25/2011 - 17:04 | 1492091 RacerX
RacerX's picture

That's what I think. I cancelled the online svc entirely after receiving the price increase notice.

Greedy f-ers.

Mon, 07/25/2011 - 18:57 | 1492332 Rainman
Rainman's picture

Ah yes, commoners must express their revulsion through any and all means. Cinema is mostly shit now, anyway.

Mon, 07/25/2011 - 19:00 | 1492346 Freddie
Freddie's picture


99% of movies are total shit.  The only thing interesting is next summer's Promethus or Ridley Scott's Alien preequel (roughly). 

He wanted a budget big enough to bail out Greece or at least most of Ireland.

Tue, 07/26/2011 - 04:12 | 1493714 foofoojin
foofoojin's picture

And reduce the bandwith and infrastucture cost. In a weird way this is how they slow the rate of growth till the networks in the world improve.

Mon, 07/25/2011 - 16:40 | 1492005 TruthInSunshine
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This is a RoboFader "convict(ion) buy", so BTFD, bitchez!

Mon, 07/25/2011 - 16:41 | 1492008 Tense INDIAN
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Tomorrow is RATE HIKE DAY ......just took a look at BANK NIFTY index...and the VIX...::

Mon, 07/25/2011 - 16:43 | 1492010 b-rad-is-rad
b-rad-is-rad's picture

Covered my shorts at 257. Easy money.

Mon, 07/25/2011 - 16:42 | 1492011 jkruffin
jkruffin's picture

Who needs Netflix anyway? You can get any movie or TV show you want for free these days, commercial free. We don't even need Sirius radio anymore.

Mon, 07/25/2011 - 16:53 | 1492054 Long-John-Silver
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We don't even need Sirius radio anymore

That's a BS statement. Try telling a truck driver he doesn’t need his XM/Sirius radio anymore.

Mon, 07/25/2011 - 19:06 | 1492355 Freddie
Freddie's picture

Just like taking a trucker's meth away.

Mon, 07/25/2011 - 18:48 | 1492319 Hansel
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I kinda like the streaming service.  $8 a month is much cheaper than cable.  I've watched a bunch of foreign films I never would have known existed, e.g. Ip Man, The Man From Nowhere.  Some older movies are good too.  Less hassle than pirating, IMO.

Mon, 07/25/2011 - 18:59 | 1492340 MacchuPicchu
MacchuPicchu's picture


If I actually paid for my Time Warner cable subscription I would have cancelled it a long time ago in favor of Netflix, which is still an outstanding value. People need to calm down and stop ranting about 'greedy f-ckers'. Eight bucks for unlimited streaming is pretty sweet even if their catalog is not quite all-encompassing. 

Mon, 07/25/2011 - 19:49 | 1492479 Abitdodgie
Abitdodgie's picture

It is not exactly watch on demand , have you ever done a serch for a movie title and you can NEVER watch it you have to add to list, you have to put a same type film in and hope it pulls up the film you were really looking for so you can watch it instantly. Why does spell check never work I am dislecsic.  


Mon, 07/25/2011 - 16:43 | 1492014 Seasmoke
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Mon, 07/25/2011 - 16:43 | 1492016 Eagle Keeper
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Since when do fundamentals matter ???

Mon, 07/25/2011 - 16:47 | 1492030 A Man without Q...
A Man without Qualities's picture

This is why they have been shouting about moving into LatAm, Caribbean and Europe.  For the first two, internet speeds are so slow, it will take a week to download a movie and in most parts of Europe, on demand film is available through numerous sources already.  US equity idiots who buy the likes of Netflix won't understand that data speeds are higher in Europe, and this is a well established market.

As for US, it looks like they've hit peak subscribers, so there's only one way to go from here.. 

Mon, 07/25/2011 - 16:47 | 1492034 Id fight Gandhi
Id fight Gandhi's picture

People don't like paying 60% increases... Who'd a thought?

Safe to say another momo done?

Mon, 07/25/2011 - 19:48 | 1492476 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

My rates are dropping by 20%. If you do not do streaming (which stinks anyways due to internet lag), your rates drop. Go Netflix! As for stock price, it's a dud though.

Mon, 07/25/2011 - 16:50 | 1492037 Archimedes
Archimedes's picture

Netflix IMHO has already peaked. CONtrary to what they say they will lose tens of thousands if not  more than 100,000 subscribers from the cost increase alone.

Also eventually service providers are going to jack up bandwitdh usage rates which will cause the streaming business to suffer. Currently Netflix is making money on the backs of the providers. This will change.

Should be a sub $100 stock by Q2 2012


Mon, 07/25/2011 - 16:50 | 1492049 SheepDog-One
SheepDog-One's picture

Netflix aint all that, Ive had it for 6 months, havent watched a thing on it in the last 3.

Mon, 07/25/2011 - 19:22 | 1492390 knukles
knukles's picture

Holders'll be screwed?

Tue, 07/26/2011 - 02:08 | 1493617 StychoKiller
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'Bout time!  He's the laziest A.G. the US has ever had!

Mon, 07/25/2011 - 16:49 | 1492040 mfoste1
mfoste1's picture


Mon, 07/25/2011 - 16:49 | 1492043 SheepDog-One
SheepDog-One's picture

RoboTrader muttering to himself in the corner, 'My Momo!!'


Mon, 07/25/2011 - 18:15 | 1492261 EvlTheCat
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One Momo to rule them all,
One Momo to find them,
One Momo to bring them all
and in the darkness bind them.

Mon, 07/25/2011 - 16:50 | 1492046 b-rad-is-rad
b-rad-is-rad's picture

NFLX Streaming service fucking sucks anyways.

Mon, 07/25/2011 - 16:50 | 1492047 RobotTrader
RobotTrader's picture

No worries, BIDU up 7%, new world record highs.

BRCM up 8%.

That will be enough to sell the phony story about the oft-mentioned "V-Shaped 2nd Half Recovery".....


Mon, 07/25/2011 - 16:53 | 1492052 SheepDog-One
SheepDog-One's picture

OH theres another momo to jump on the bandwagon and hype! Yipee! You really are something as a rear-view mirror trader Momo.

Mon, 07/25/2011 - 16:55 | 1492065 fuu
fuu's picture

junk bitches

Mon, 07/25/2011 - 17:02 | 1492086 Sudden Debt
Sudden Debt's picture

You should apply for a job at CNBC...

Mon, 07/25/2011 - 17:53 | 1492211 ElvisDog
ElvisDog's picture

Oh, come on, Sheepdog, Robo is just messing with you.

Mon, 07/25/2011 - 16:50 | 1492048 caerus
caerus's picture

suck it reed hastings

Mon, 07/25/2011 - 16:52 | 1492055 dracos_ghost
dracos_ghost's picture

Fundamentals? Stop making words up Tyler, we all know there is no such thing.

Green Light, Red Light. That's all you need to know about investing nowadays.

Mon, 07/25/2011 - 16:55 | 1492057 virgilcaine
virgilcaine's picture

The darlings of the Old Bull (bear Mkt rally of 09-11) dropping like flies.

Mon, 07/25/2011 - 16:54 | 1492058 fuu
fuu's picture

People still pay for entertainment?

Mon, 07/25/2011 - 17:05 | 1492096 Sudden Debt
Sudden Debt's picture

The kids like it.


When I was young, all we needed was 5 gallons of fuel, a lighter and we could entertain ourself for the entire day.

Kids... they lost the sense of fun...

Mon, 07/25/2011 - 17:14 | 1492124 blunderdog
blunderdog's picture

Dude, 5 gallons of fuel these days costs more than a case of beer.

Mon, 07/25/2011 - 17:29 | 1492165 malikai
malikai's picture

These days, a few bottles of robitussin or glade seems a better deal.

Tue, 07/26/2011 - 01:47 | 1493595 Fish Gone Bad
Fish Gone Bad's picture

I've seen people buy 10 cans of Glade type air freshener at a time.  I figured they were either cleaning a kennel, going to a bean eating contest, or huffing it.  For those interested, the local 99 cents only stores usually have a great deal of it.  People can wash away the bad taste with quarts of 40 proof mouthwash for $1, or for the die hards, 8 ounce bottles of hand sanitzer (95% ethanol) for a buck.

Mon, 07/25/2011 - 17:34 | 1492177 Long-John-Silver
Long-John-Silver's picture

5 gallons of gasoline only cost's 5 junk (90%) Silver dimes.

Mon, 07/25/2011 - 17:26 | 1492153 fuu
fuu's picture

You meant liters right?

Mon, 07/25/2011 - 19:19 | 1492380 knukles
knukles's picture

Talk about old times and warm fellings.
We used to burn shit all day left and right, vegitable, animal and mineral.  Actually to be more precise, the animal part was a kid dwon the street who we all hated.  But we didn't hurt him.  Well, physically.  Might have scarred his soul for the day.  A little traumatized, but he made it.  Kinda.
Or cans of lighter fluid squirt the shit like a flame thrower.
SD, you're a bloody genius.  Now I have something to relate to my small nephews and neices over dinner tonight. 
Y'all come on back now, ya' hear! 

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