Crushing Netflix Results
- In our recent blog post (Netflix Strikes Back) we were adamant that password sharing crackdowns were accretive to both subscriptions and over time to ARM (Average Revenue per Membership) as well.
- After a series of negative comments from the Street, Netflix had significantly underperformed the market into earnings.
- Today’s strong earnings report, with Netflix’s stock surging by 16%, not only exceeded expectations but also aligned closely with occam’s prediction.
