Finimize - 🤔 Is Netflix… a good buy?

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Today's big stories

US telecoms giant Verizon reported mixed results
Our analyst has laid out why Netflix’s calamitous results might’ve made the beleaguered streamer a good buy – Read Now
UK retail sales fell again

Cult Following

What’s Going On Here?

Verizon posted a mixed set of results on Friday, so if the US telecoms giant can’t beat the major streaming platforms, it might as well join them.

What Does This Mean?

Ever since the pandemic introduced people to the notion that they can still do their jobs effectively without sitting next to Keith from accounts, everyone's wanted high-speed internet in their homes. And that was just as true last quarter: Verizon said it added a net 229,000 broadband customers in the segment’s biggest jump in over a decade. Problem is, it can’t stop losing cell phone and cable TV customers. That dragged on its total revenue, which came in just 2% higher than the same time last year. Investors booted up their computers, dialed up, and made their thoughts known half an hour later: they sent Verizon’s stock down.

Why Should I Care?

The bigger picture: Verizon bundles up.
The loss of cable TV customers reflects a longer-term shift away from traditional scheduled television toward on-demand streamers. So Verizon’s changing tack: it’s planning to partner up with streaming companies and offer their products as part of bigger phone, broadband, and TV bundles. It’s already struck a deal with Disney, and it announced last month that it’s launching a new service that’ll provide a range of subscriptions in one place. And since products like that should offer customers more reasons to stay, it could make it easier for Verizon to hike prices further down the line too.

Zooming out: The good old days.
If all else fails, Verizon could always just ditch its media business. That’s what rival AT&T did: it completed the sale of WarnerMedia this month, meaning it’s now returned to its roots as a true-blue telecom company. It’s just like old times: the newly focused business reported last week that it added far more phone customers than expected last quarter, and investors sent its stock up 4%.

You might also like: The tricks and techniques you need to value Verizon’s stock.

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Analyst Take

Have Netflix’s Calamitous Results Made It A Good Buy?

Reda, Analyst

What’s Going On Here?

Let’s face it, investors knew Netflix’s subscriber growth was going to slow down after 2020.

Trouble is, the streaming giant actually lost viewers for the first time in a decade last quarter, leading the percentage of buy ratings on the firm’s stock to plummet to an eight-year low.

But here’s the thing: some of the reasons for that are just short-term hiccups. Some might even reflect the opportunities for growth it has at its fingertips.

And with Netflix’s share price now down over 60% this year, investors’ skepticism might be your window of opportunity.

So that’s today’s Insight: a closer look at why Netflix is losing subscribers, and why now could be a good time to buy the beleaguered streamer.

Read or listen to the Insight here

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