Netflix is now worth more than Comcast
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Netflix is now worth more than Comcast
1–10 of 142 posts
Re: Netflix is now worth more than Comcast
#2This zeitgeist is exactly what cable companies still try to fight against. We no longer need content to be served whenever someone streams it; we need content available whenever we want to access it.
For this, we no longer need cable companies; we need internet service providers.
Re: Netflix is now worth more than Comcast
#3Comcast has 15 billion in net income last quarter whereas Netflix had 185 million. And PE ratio of comccast is 19 whereas Netflix is 188. In the future where the cord cutting trend continues and Netflix gains tons of subscribers the valuation might make sense. But for now, I feel this looks like very overvalued.
Re: Netflix is now worth more than Comcast
#4This zeitgeist is exactly what cable companies still try to fight against. We no longer need content to be served whenever someone streams it; we need content available whenever we want to access it. For this, we no longer need cable companies; we need internet service providers.
Hence why the cable companies are trying to buy ISP's and vice-versa.
Re: Netflix is now worth more than Comcast
#5Buy them out, please!
Re: Netflix is now worth more than Comcast
#6This zeitgeist is exactly what cable companies still try to fight against. We no longer need content to be served whenever someone streams it; we need content available whenever we want to access it. For this, we no longer need cable companies; we need internet service providers.
Funny. I think of Comcast as an ISP. I know they provide cable TV, and do everything they can to upsell/bundle it with their Internet access, but to me they're just an ISP.
I just checked, and it seems revenue-wise they're still more TV than Internet, but the trend is towards Internet revenue, and in subscriber-count, it flipped in 2015. I'm guessing, though, that the ISP revenue won't grow a ton, whereas the TV revenue will continue to drop.
Re: Netflix is now worth more than Comcast
#7Comcast has 15 billion in net income last quarter whereas Netflix had 185 million. And PE ratio of comccast is 19 whereas Netflix is 188. In the future where the cord cutting trend continues and Netflix gains tons of subscribers the valuation might make sense. But for now, I feel this looks like very overvalued.
I'm not sure "cord cutting" will help Netflix as much as some may thing. Netflix is already a very popular service, and one that many subscribe to alongside their traditional cable TV service. The new batch of streaming "live TV" providers are the ones looking at massive growth. I do think Netflix will benefit indirectly as people break their "addiction" to traditional TV - but it's not a replacement for live TV (yet)
Does Netflix have a "live tv" strategy? Hulu currently offers one (although I ended up dropping it due to their hobbled DVR)
Re: Netflix is now worth more than Comcast
#8Comcast has 15 billion in net income last quarter whereas Netflix had 185 million. And PE ratio of comccast is 19 whereas Netflix is 188. In the future where the cord cutting trend continues and Netflix gains tons of subscribers the valuation might make sense. But for now, I feel this looks like very overvalued.
Sounds like a good time to buy Comcast stock, and/or short Netflix stock. I'm no fan of Comcast (I've been trolling my city's building permit listings, drooling over the small fiber providers inching closer to my neighborhood), but they do still own a ton of physical infrastructure, as well as a massive IP library. Netflix has branding and momentum on their side, but they're also in a much more fragile position.
Re: Netflix is now worth more than Comcast
#9Comcast has 15 billion in net income last quarter whereas Netflix had 185 million. And PE ratio of comccast is 19 whereas Netflix is 188. In the future where the cord cutting trend continues and Netflix gains tons of subscribers the valuation might make sense. But for now, I feel this looks like very overvalued.
Eating manure has 15 billion in net income last quarter, whereas this new "filet mignon" had 185 million.
Just because people are currently eating shit a lot doesn't mean the outlook for them is any good.
Re: Netflix is now worth more than Comcast
#10What's more shocking to me is that Netflix is worth more than Disney.
Just look at the list of Disney subsidiaries[1], then look at how bad the average Netflix original movie is and then tell me if the market caps makes any sense at all.
[1]https://en.wikipedia.org/wiki/List_of_assets_owned_by_Disney