he profit model of "strengthening the outside world and working in the middle" and the lack of core competitiveness in the fiercely competitive text message service environment are the reasons why Netflix "goes off the altar". Recently, Netflix (Netflix), the "popular wholesaler" that produced "House of Cards", "Bojack Horseman", "Roma", "Stranger Things" and "Love, Death and Robots", released the second 2019 edition.
quarterly financial report. With this release, the closing price on the day fell by 10.27%, and the market value evaporated by 16.2 billion US dollars overnight, text message service which is equivalent to the market value of the entire iQiyi, and it is also the biggest drop in Netflix's stock price in the past three years! "Is Netflix doomed?" The financial report data shows that as of June 30, 2019, Netflix’s revenue in the second quarter was US$4.92 billion, an increase of 26.0% from US$3.91 billion in the same period last year;
net profit was US$270 million, a decrease of 29.6% from US$380 million in the same period last year. %. Seeing here, it's not a bad earnings report. Moreover, text message service Netflix's "super bull stock" name is not covered. In the past ten years, the highest increase was 94.4 times, far exceeding Amazon's 23 times in the same period, pulling out a beautiful K line. Why does a small fluctuation in net profit make Netflix labelled "off the altar" by many overseas investment banks? Inappropriate interpretation.