Keep pulling the thread on Slow Growth.
Netflix has reported two consecutive quarters of slowing sales growth.
YouTube's audience and engagement are growing at a faster rate than Netflix's.
Unlike in 2022 when it introduced advertising and paid sharing, Netflix currently lacks clear-cut strategic levers to reinvigorate growth.
Netflix's revenue guidance for the third quarter came in lower than expected.
Netflix's strategy includes expanding beyond TV and movies to become a broader entertainment platform with live sports, games, and podcasts.
Building a significant advertising business is a core part of Netflix's current strategy.
According to the Nielsen Gauge report, YouTube's share of TV viewing time has remained constant at 13-14%, while Netflix's share has been declining.
Netflix projected revenue of $12.9 billion and earnings of $0.82 a share for the upcoming quarter.
Netflix executed a $4.7 billion stock buyback in the most recent quarter, the largest in its history.
Netflix's stock was down more than 20% year-to-date at the time of its latest earnings report.
Netflix's stock has declined more than 30% since its recent high on April 16th.
Netflix has raised its prices by an average of 5% per year since 2008.