This week we breakdown Netflix's Q4 earnings after watching the stock drop over $100 the next day, also causing new 52-week lows for stocks from Disney, Roku and fuboTV. We also discuss the proposed $69 billion acquisition of Activision Blizzard by Microsoft, announced on the same day that the DOJ and FTC discussed plans to update and modernize merger enforcement guidelines, something that could mean more rigorous scrutiny of major tech and media transactions. Other news highlighted includes Limelight Networks earnings, the rumor of DAZN in talks to acquire British channel producer BT Sports for $800 million and fuboTV raising their RSN Fee in New England.
Companies and services mentioned: Netflix, Disney, Roku, fuboTV, Limelight Networks, DAZN, Microsoft, Activision Blizzard, Discovery, WarnerMedia, Amazon, MGM, Vimeo, Peacock TV, Apple, Amazon, NHL.
Executives mentioned: Bryan Walls, Eric Iverson, Eric Black, Lexie Knauer, Lisa Bennett.
Links to articles mentioned:
Netflix Q4 2021 Earnings: Added 8.3M subs; has 222M total subs. Forecasts Q1 2022 paid net adds of 2.5M. Full year revenue of $30B
https://www.linkedin.com/posts/danrayburn_netflix-streamingmedia-activity-6890038907413876737-pHIp
Limelight Q4 2021 Earnings: Revenue of $62.9M, up 14% y/o/y, GAAP net loss of $7.7M; Total 2021 revenue of $217.6M
https://www.linkedin.com/posts/danrayburn_limelight-networks-reports-record-fourth-activity-6890320324928634881-i2b-
Questions or feedback? Contact us at dan@danrayburn.com
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