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reddig33 t1_j532s61 wrote

In contrast to the other thread gloating that they added subscribers. Also, they missed projected earnings by over 70% last quarter.

https://www.nasdaq.com/articles/netflix-inc.-announces-fall-in-q4-income-misses-estimates

“The company's earnings came in at $55.28 million, or $0.12 per share. This compares with $607.43 million, or $1.33 per share, in last year's fourth quarter.”

So, raised prices, added subscribers, started showing ads — and yet earnings are way down. Could explain the program cancellations. Still having to pinch pennies.

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ijakinov t1_j537nv0 wrote

From their letter, $462M of earnings was something to do with weak US dollar and debt owed in euros.

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