Netflix Investment + Podcast

A few days after Netflix reported its Q4 FY21 financial results, which led to a stock price decline of more than 20%, I joined Brett Schafer and Ryan Henderson of Chit Chat Money to discuss the global leader in SVOD (link).

The conversation covered a number of topics, including the company’s recent results (riding the COVID roller coaster), the evolution of its unit economics over the past 5+ years, content cost accounting (GAAP P&L vs cash flows), a regional perspective (separating Netflix UCAN and Netflix International), ARPU growth, the importance of consumer mind share (engagement), competition, Netflix’s gaming ambitions, and my thoughts on the valuation.

I also published “The Greatest Opportunity in Entertainment” on January 24th, which outlined why I believe that Netflix is an attractive long-term investment opportunity (as disclosed to paid subscribers, I bought a sizable position on January 25th; this is the first time I’ve owned NFLX).

Sign-up below to read the Q4 FY21 Netflix update, along with complete access to the TSOH archives (which includes deep dives on companies like Airbnb, Spotify, Costco, GoodRx, Meta, Ally Financial, and more), as well as the disclosure of ALL portfolio changes BEFORE they’re implemented.

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NOTE - This is not investment advice. Do your own due diligence. I make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness, or reasonableness of the information contained in this report. Any assumptions, opinions and estimates expressed in this report constitute my judgment as of the date thereof and is subject to change without notice. Any projections contained in the report are based on a number of assumptions as to market conditions. There is no guarantee that projected outcomes will be achieved. The TSOH Investment Research Service is not acting as your financial advisor or in any fiduciary capacity.