This is my first quarterly earnings report prediction of many big companies to come.
Netflix is having trouble keeping their members and getting new ones. Netflix America is the most profitable and had more content. They are trying to team up with disney to attract more members.
Netflix has increased their membership prices, because of the Netflix Original Series expenses.
Although Netflix Q1 numbers were good, the stock went down during opening.
This is why my prediction for Netflix Q2 will be short ⬇️
Earning reports trading is a high risk trade. You can lose lots of money or earn lots of money. Invest your money wisely.
