The company attributed this to a pull-forward effect in the 1st and 2nd quarter, due to consumers locked down at home.
In Q4, LikeFolio data recorded a similar pattern: growth is slowing down.
Consumer Purchase Intent mentions (mentions of subscribing to and streaming Netflix) are currently pacing -18% YoY.
At the end of the day, NFLX user growth continues to slow (at least in English-speaking markets)...and the street knows it. Cancellation mention decline (-18% YoY) amid a price increase is a bright spot in the data.
Long-term we're watching to see if a new content cycle can improve growth metrics in the second half of the year.
Last Friday we put out an earnings-focused bearish note for Logitech (LOGI). As our data predicted, the strong results reported last night were priced in; the stock is trading -3% lower today. LikeFolio consumer trend data shows that the underlying demand which fueled Logitech’s 21Q3 earnings beat is still present. Moving forward, our outlook is...