Keep pulling the thread on Slow Growth.
Netflix has reported its second consecutive quarter of slowing sales growth.
YouTube is growing its audience faster than Netflix and is now the competitor Netflix is more focused on emulating.
Netflix's third-quarter revenue guidance came in lower than expected.
Netflix is not increasing its operating margin guidance.
Netflix's new strategy involves three main pillars: becoming a broader entertainment platform, using AI to expand margins, and building out its advertising business.
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 recently bought back $4.7 billion of its stock, the largest quarterly buyback in its history.
Netflix's stock has declined more than 20% year-to-date.
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.
Netflix's content strategy has evolved to be more like CBS, aiming to provide 'everything for everything' rather than a curated, high-end selection like HBO.
Netflix is adding short-form video from Condé Nast and BuzzFeed in an attempt to increase daytime engagement.