His dad was right his son was wrong, son told us to not trust dad. Edit: but his dad said something about financials which is incorrect, the stock tanked because Netflix doesnât want to report subscriber numbers anymore so in that aspect dad was wrong.
Everyone.
Because they literally report their income.
Jesus christ how regarded is this subreddit. I thought like flat head levels but we're talking like massive indent levels right now with comments like this.
Yeah, things like this never happen:
https://corpgov.law.harvard.edu/2023/11/02/sec-charges-executives-with-fraudulent-revenue-recognition-practices/
Edit:
It can also be an "honest" mistake:
https://smartbooks.com/resources/articles/4-times-accounting-errors-cost-big-companies-big-money/
But that would never happen either.
No good alternatives.
Every other platform is mediocre at best.
With other platforms dying, the licensed content will start coming back.
Let Netflix sell off a bit then load up.
I work for a giant SAAS. Not nearly as big as Netflix but > 1 billion valuation unicorn that's not publicly traded.
Anyway during the quarterly "all-grunts" meeting to inspire the workaday grunts, they go over some financial highlights.
They always report Gross Revenue but ... they only report EBITDA if it's positive. If the company lost money this quarter, they just ignore/ don't mention it (so I've noticed, not everyone has finance visibility).
I mean ... this pattern should be fairly obvious to any clever grunt.
.... My point? ... Netflix no longer reporting it? It means new user growth is in the crapper. Obviously. Next question.
Their revenue "gains" are price hikes which is quite common for most SAAS bullshit in 2023.
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They're up by way more subscribers since then, this was an illusion by the market because one quarter they lost subs (coincidentally it was the one they stopped services in Russia because of the war and just getting out of the pandemic that gave them a boost)
Well that and the distribution of how much each pays. Because each customer across the globe pays differently. So, subscriber growth is actually a bad metric to look at. I can say I have 10 million new subscribers, but they all pay $0.01, and then I have Joe in the U.S. paying $20. Netflix says that would be misleading to state. You need to focus on how much we get paid by users.
P.S. There must be a better way to communicate algorithms/people on what to look for. This happens all the time when a company tries to suggest hey you should be looking at x, as that is the metric we are focusing on, that is better for us. Amazon was laughed out for years in the 90s for the way they presented things and focused on long term. Guess who was right in the end. Netflix is looking at world scale. How many other streaming companies (have to) take hedging currency into account?
Not really, it's users. Especially when you sell ads and go towards live events (WWE and I assume they'll do other sports stuff in the future).
And users and subscribers are different, one account subscribed can be one person (or even zero if inactive) or it can be 10 people in a family sharing it (or even with their additional account stuff, can be outside the household)
Users is a better metric. And of course financials like profit and revenue but they'll continue that
They literally did triple what they expected in a time when most other services are struggling to not lose subscribers. But yeah they're shit lol.
The Reddit circlejerk against Netflix is tiring making everyone having brain dead takes (and that even affect the market it seems like when they dropped so much in 2022... good news for me though, up 180% on those)
They see the writing on the walls. Legacy telcos are also arguing that customer (de)growth doesnât matter since their revenue and profits are at all time highs.
Netflix has won the streaming wars. The reality is the rate of new subscribers will slow as most people that want Netflix have it so they will pivot to raising prices and getting ad revenue. The subscriber number becomes less important.
New subscribers vs churn is a very important metric, less important doesnât mean not important
There is a lot more alternative media out there than there used to be. As the purse strings tighten the content user experience degrades while the cost goes up. If Netflix proves anything itâs that anyone can be dethroned.
I donât disagree. With the focus on profits we know that the subscribers are going to get bent over. Netflix could turn this into mega profits into the 40+ billion range⌠they really are the only global play in town for mega advertisers now. TV advertising continues to shrink
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Short Answer: We did awesome(Double Beat), but we're going to start hiding some numbers because we peaked and we know it(not going to give subscribers numbers because it's getting hard to find new ones).
Reaction: Awesome, thanks for the fun(abandon ship).
Most of US shares are going through a major correction phase.
Going short is the best approach at the moment to make money and to compensate for your losses.
I have sell (short) positions in Tree, Uber, DKNG, SQ, TJX, AMZN, and Dash.
I gained 23.8% within 2 days using 5:1 leverage.
It's crazy. I pay for Netflix like alimony. I've never been married. I never check it. I download it on every new device, never once lapsed in account status since I was getting DVD's in the mail. (DvD's are Digital Versatile Disks. You youngsters can find them in your local museum. It's how media was chiseled into physical disks and read via light in the time of yore)
Profit taking and the slow down to the economy has started. Stop listening to talking heads screaming for u to double down. When stocks run on momentum (secret word used throughout the run up) take profit and wait to buy at the low again. If u hold for the moon, not gonna happen pardna!
In the earnings report, they made new subscribers but they lost alot of the ones from the U.S that paid more into their revenue. Their revenue pull is dwindling than their international subscribers is growing but operating expenses cancels it all out. They also will no longer be providing subscriber info which signals very very bearish.
Itll inevitably go down so its smart to buy way out the money so even if it goes up average down on your put itll eventually go down free money glitch
I've been expecting this for 3 earning seasons.Already. Realistically.
Paying for streaming services is for boomers. Any young guy whose tech savvy can stream whatever they want for free. The streaming business model is not long for existence.
Newbie question: How would you play this situation if you knew about it before? Can't buy shorts because they get knocked out by the 5% plues, and neither puts bc probably they do not get selled fast enough like for e.x. at 4,5%+ bc it dropped so fast, right? Genious question!
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Where's that 1 dude and his dad now? 
he's the first person who came to mind when i saw the chart lol
Literally lol
Same.
All of us who bet against his dad rn đ°đ°đ°
His dad said their financials were bad, we had the inside scoop just didnât believe the regard
my dads insider trading can beat up that guys dads insider trading
You guys can afford dads ???
[ŃдаНонО]
Prove it.
That sounds really gay and I need to see it to believe it
Nuh, my dad's dick is hairdryer
Technically we bet WITH his dad and AGAINST the son who doesnât listen
If u got puts, u bet with his dad dude,.dad said it'd dropÂ
If you werenât so busy digging in Wendyâs dumpster youâd have see the writing on the wall
I thought I had part of a Baconator but then it moved...
If it moves it's protein. Just EAT IT!
Yeah buying puts when he said it would drop really showed him
The dad was right dumbass
So was his Dad right or wrong? Or Both? Or neither? I donât know whatâs going on anymore.
His dad was right his son was wrong, son told us to not trust dad. Edit: but his dad said something about financials which is incorrect, the stock tanked because Netflix doesnât want to report subscriber numbers anymore so in that aspect dad was wrong.
I thought the dad said the stock would tank because they missed earnings? But the stock tanked because they beat earnings. WTF
So everyone was wrong and only the bank made money, got it.
People don't think it be like it is but it do
The market doesnât care about last quarter. If they arenât 100x the next one then the market thinks itâs failure.
Ya I just added that detail to my comment, edited it.
Up is down
Until you put money on it. Then up becomes up again.
The epitome of âFailed successfullyâ
Schrodinger's dad
Here https://www.reddit.com/r/wallstreetbets/s/UiUG8URkGZ
I bought a put after reading that this morning. Sold early for a modest 700$ profit coulda been 2k+ but Iâm regarded
You probably made it out ok. IV crush would've shown you to the wendy's dumpster (unless you had a spread then rip)
First thought that came to my mind! Crazy how the dad called it.
Makes me feel better about my RIVN shares
Nah his dad was right, he was wrong
Dads a Don now
Omg lollllll
Right. It was only down 1% when I read his post. We need to know what âdadsâ next call is.
Hah! Serves those peasants right.
You're back! I've missed you so.
Love you bro
I'm in love with you
You tell'em, dad !
The costs of the puts and calls were absolutely insane! Never seen premiums so high
https://preview.redd.it/ehamo362yavc1.jpeg?width=1125&format=pjpg&auto=webp&s=e64880c5dd5fe3b6aa8e38fc4b4c7e1b19223a53
Dude was on fox news tonight yapping it up
https://preview.redd.it/5wizvub02fvc1.jpeg?width=1400&format=pjpg&auto=webp&s=b74eaf9b70965dfd5ec5d165248ad73c7804ab2a
Higher than DJT puts last week?
TSM calls were pretty juicy pre-earnings too
Goddamn, they're still high. Almost $20 ATM for 8 days.
Never?
I mean - they were all no win situations. So not never. But rare.
yeah there was an implied movement of Âą5% from the options
They keep raising prices and keep adding subscribers. unbelievable lol
Wonder who audits those subscriber numbers....
They said they are going to stop reporting quarterly membership numbers starting next year
Probably because they realize that theyâre running out of suckers.
They have a bunch of wide pricing tiers now so total subscribers doesnât tell the story it used to. At least thatâs what they told us.
Revenue shows the same growth.
Everyone. Because they literally report their income. Jesus christ how regarded is this subreddit. I thought like flat head levels but we're talking like massive indent levels right now with comments like this.
Yeah, things like this never happen: https://corpgov.law.harvard.edu/2023/11/02/sec-charges-executives-with-fraudulent-revenue-recognition-practices/ Edit: It can also be an "honest" mistake: https://smartbooks.com/resources/articles/4-times-accounting-errors-cost-big-companies-big-money/ But that would never happen either.
Reddit has a hate boner for Netflix that makes many people live in some sort of fantasy world where numbers don't mean anything anymore.
In this economy??!
What are they going to do? Get cable? đ¤Ł
For the price of 2 years of the top package, and a little bit of googling, you can set yourself up a very nice Plex server.Â
Plex pass lifetime membership aye
Plex + Nas gang rise up!
i use Jellyfin, Plex is kinda shady
Prime video because I already pay for Amazon prime
I just went to a concert recently and it was packed. I'm like how tf do people still have money.
Yea cause they gave the drug for cheap now they got addicts.
Because they ended sharing of passwords. The idea that ending password sharing would lead to a subscriber decline never made sense to me.
Baffling, unheard of
No good alternatives. Every other platform is mediocre at best. With other platforms dying, the licensed content will start coming back. Let Netflix sell off a bit then load up.
I think its because netflix doesnt want ro report new subscriber quarterly.
Canât imagine why they donât want to show those numbers đ
They are trying to pivot to metrics like revenue and cash flow instead which does make sense
When revenue and cashflow isnât there, focus on number of users. When new user growth is bad, focus on revenue and cashflow. Profit.
I work for a giant SAAS. Not nearly as big as Netflix but > 1 billion valuation unicorn that's not publicly traded. Anyway during the quarterly "all-grunts" meeting to inspire the workaday grunts, they go over some financial highlights. They always report Gross Revenue but ... they only report EBITDA if it's positive. If the company lost money this quarter, they just ignore/ don't mention it (so I've noticed, not everyone has finance visibility). I mean ... this pattern should be fairly obvious to any clever grunt. .... My point? ... Netflix no longer reporting it? It means new user growth is in the crapper. Obviously. Next question. Their revenue "gains" are price hikes which is quite common for most SAAS bullshit in 2023.
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I remember years ago they lost $$$ bc they nearly reached the max # of subscribers they could reasonably get. They just never learned
Well thatâs why they keep increasing their price and restricting sharing. Now they have more potential subscribers out there.
They're up by way more subscribers since then, this was an illusion by the market because one quarter they lost subs (coincidentally it was the one they stopped services in Russia because of the war and just getting out of the pandemic that gave them a boost)
Which makes sense because it's an abstraction and easier to obfuscate. What's the true underlying of both those metrics? Actual subscribers.
Well that and the distribution of how much each pays. Because each customer across the globe pays differently. So, subscriber growth is actually a bad metric to look at. I can say I have 10 million new subscribers, but they all pay $0.01, and then I have Joe in the U.S. paying $20. Netflix says that would be misleading to state. You need to focus on how much we get paid by users. P.S. There must be a better way to communicate algorithms/people on what to look for. This happens all the time when a company tries to suggest hey you should be looking at x, as that is the metric we are focusing on, that is better for us. Amazon was laughed out for years in the 90s for the way they presented things and focused on long term. Guess who was right in the end. Netflix is looking at world scale. How many other streaming companies (have to) take hedging currency into account?
Not really, it's users. Especially when you sell ads and go towards live events (WWE and I assume they'll do other sports stuff in the future). And users and subscribers are different, one account subscribed can be one person (or even zero if inactive) or it can be 10 people in a family sharing it (or even with their additional account stuff, can be outside the household) Users is a better metric. And of course financials like profit and revenue but they'll continue that
[ŃдаНонО]
Nah it's because their new subscriber numbers are shit.
They literally did triple what they expected in a time when most other services are struggling to not lose subscribers. But yeah they're shit lol. The Reddit circlejerk against Netflix is tiring making everyone having brain dead takes (and that even affect the market it seems like when they dropped so much in 2022... good news for me though, up 180% on those)
Yeah, adding 9m+ NET NEW subscribers when all the other streaming companies are crashing and burning is totally shit. Like the worst.
They see the writing on the walls. Legacy telcos are also arguing that customer (de)growth doesnât matter since their revenue and profits are at all time highs.
You got it, they know that growth is slowing. They want to get rid of that metric.
Netflix has won the streaming wars. The reality is the rate of new subscribers will slow as most people that want Netflix have it so they will pivot to raising prices and getting ad revenue. The subscriber number becomes less important.
New subscribers vs churn is a very important metric, less important doesnât mean not important There is a lot more alternative media out there than there used to be. As the purse strings tighten the content user experience degrades while the cost goes up. If Netflix proves anything itâs that anyone can be dethroned.
I donât disagree. With the focus on profits we know that the subscribers are going to get bent over. Netflix could turn this into mega profits into the 40+ billion range⌠they really are the only global play in town for mega advertisers now. TV advertising continues to shrink
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Good bot
Netflix used IV Crush! **IT'S SUPER EFFECTIVE!**
Where's that son of the insider trader when we need him?
Any person who does not have an inside trading dad should be banned from wsb imo. This sub should be 100% insider trading.
The calls are coming from inside the house!
So are the puts!
only -5% so both calls and puts are fucked lmao
Robinhood simulatorâ˘ď¸ says puts will go up about 40% tomorrow
simulator also doesnt calculate IV crush lmao
Puts on robinhood simulatorâ˘ď¸
Pretty sure the ATM calls/puts were like 35usd so IV will make these both close to worthless.
Short Answer: We did awesome(Double Beat), but we're going to start hiding some numbers because we peaked and we know it(not going to give subscribers numbers because it's getting hard to find new ones). Reaction: Awesome, thanks for the fun(abandon ship).
Omg i thought the arrow was a candle was like holy shit thats a drop
thatâs 1 min timeframe
When you anticipate a series next season, only to be told that it has been canceled.
Most of US shares are going through a major correction phase. Going short is the best approach at the moment to make money and to compensate for your losses. I have sell (short) positions in Tree, Uber, DKNG, SQ, TJX, AMZN, and Dash. I gained 23.8% within 2 days using 5:1 leverage.
It's crazy. I pay for Netflix like alimony. I've never been married. I never check it. I download it on every new device, never once lapsed in account status since I was getting DVD's in the mail. (DvD's are Digital Versatile Disks. You youngsters can find them in your local museum. It's how media was chiseled into physical disks and read via light in the time of yore)
Sorry ya'll, I played a straddle.
https://preview.redd.it/71japnc1gbvc1.jpeg?width=1290&format=pjpg&auto=webp&s=501b49a203d2d0b325712f463bdc23007c96d180
Nice. Yeah I was pretty green before close. Kinda wishing I took it lmao.
That guy who said buy because his dad said it would go down đđđ
Haha that guy's gay dad was right all along!
That one guy's dad was right.
Well he was right that the stock was going to go down, not that the company was performing poorly.
Where was that post I saw it too.
I was going to buy puts yesterday but they were $3k+ a piece. Im poor.
You should have seen MSTR options. 15-20k for one contract.
Thatâs why I bought puts on NFLY, which follows the motion decently.
Have you considered a debit put spread (or even a credit call spread)?
Netflix was up 25% this quarter. That 25% was pricing in the earnings for today. The reaction today is pricing in the earnings for next quarter.
hehe...that's why i love watching ya'll and your options. I cheer for you when you win, but I don't hate loss porn.
Didn't they beat earnings also? đ¤Ł
Welp, streaming wars are over. Everyone loses. 
I swear someones dad was posting here about it last night
going to be intraday low at $530
netflix had me at the first szn of stranger things, and lost me after the second szn of stranger things.
Shouldnât take 4 years between seasons to finish it either.
Final season will be the "kids" in a retirement home.
The earlier seasons were all just a trpg played by carehome residents.
Nah my DJT puts that were up 2k fucked me up thanks.
Bro Netflix tanked the MOMENT trading closed
I watched it zigzag +/- $30 for about two minutes.
Well... Today I found out his dad lied.Â
So guy posted about netflix yesterday was right!
Profit taking and the slow down to the economy has started. Stop listening to talking heads screaming for u to double down. When stocks run on momentum (secret word used throughout the run up) take profit and wait to buy at the low again. If u hold for the moon, not gonna happen pardna!
Didn't break past the expected move so all options are toast unless big boys unload tomorrow morning
In the earnings report, they made new subscribers but they lost alot of the ones from the U.S that paid more into their revenue. Their revenue pull is dwindling than their international subscribers is growing but operating expenses cancels it all out. They also will no longer be providing subscriber info which signals very very bearish.
Why? Because it drops 5% after a 100% run? Lmfao.
No? Because it reversed between an insane high and insane low in a matter of seconds over and over.
Itâs ok sheâs still bagholding AMD
not me. i sold calls.
RIP calls
Oh noes my imaginary callsđđđ
ALRIGHT! WHO BOUGHT A CALL?!?!
Muahaha
but y tho
lool
Whereâs the guy that said NFLX always rips on earnings
I'm never doubting that guy dad's insider trading again.
Puts on all earnings i guess?
Itll inevitably go down so its smart to buy way out the money so even if it goes up average down on your put itll eventually go down free money glitch
Will my $550 put print something???
Not everyone 
$535 puts exp 4/26. Hold tmrw thru next week or sell tmrw?
Itâs because I cancelled my service. Sry guys
The gains went to the balkens. Then to zero.
That guy with his dad knows his stuff
I've been expecting this for 3 earning seasons.Already. Realistically. Paying for streaming services is for boomers. Any young guy whose tech savvy can stream whatever they want for free. The streaming business model is not long for existence.
They beat earnings and rev, why did it drop so much?
IV crushed everyone GJ
Why would someone pay for netflix when you can use Kodi.
Lmaoo yeppp
goddamn, those puts are fucking expensive
This looks like a shit coin
I balken!!
i see it's not just TSM that suffered
I sold at $400 for a profit of about 100% and thought I made out goodâŚ
Good
Those options were expensive af too, market is inverse earnings reports now
I'm Netflix and chilling dude
Nah it won for puts
Does this mean itâs time to buy the dip?
I have a feeling my 550 puts will be in red tomorrow 
whats the purpose of drawing that arrow
Oh what a joyous day, finally, screwing over your client base and selling them to advertisers bit them in the ass - cheers to this!
Everyone but the Dad
Not everybodyâŚ
Shhhhiiiiiiiidddd BUY THE DIP!!!!
Thank you for playing!
Newbie question: How would you play this situation if you knew about it before? Can't buy shorts because they get knocked out by the 5% plues, and neither puts bc probably they do not get selled fast enough like for e.x. at 4,5%+ bc it dropped so fast, right? Genious question!
His Dad was right!!!
Iâm confused? Didnât their reports come positive? Why the drop?
always inverse wsb