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Netflix is now worth more than Comcast

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Re: Netflix is now worth more than Comcast

#31

Post by adrr »

sykh wrote: post #26
butterfi wrote: post #23

Traditional TV cut its own throat by expanding commercial air time to the point where customers are actively looking for and consuming alternatives. Rather then address the issue of why traditional TV is being rejected, Comcast is trying to coerce its members into subsidizing TV by making their subscription bundles more competitive then simply getting an internet connection. That won't do much in the long run as peop…

What Comcast doesn't mention is that when you get a TV bundle to save on internet costs the fees they tack on for TV increase the monthly bill by around 40% of the advertised rate. Bundling TV is actually more expensive when you look at the total bill but people buy according to the advertised rate vs. the actual bill.

They all do it. "Add cable to your internet connection plan for $10." Then at checkout they tell you about the $9 sports fee, the $15 local channel fee and the $5 news fee. Deception pricing is becoming all too common. Hotels with resort fees, cable with channel fees, mobile providers with number portability fees. All never included in advertised priced

Re: Netflix is now worth more than Comcast

#32

Post by tacogordito »

thisisit wrote: post #3

Comcast 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.

The market values the future not the present. Heard this argument about Amazon going back over 10 years. I've come to the conclusion that when a general consensus is that stock XYZ is overvalued, its usually a great buy.

Re: Netflix is now worth more than Comcast

#33

Post by shados »

damieng wrote: post #18
scarface74 wrote: post #13

Earlier quoted context omitted.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

Not sure where you get the monthly internet pricing from but my 250MB Comcast is $59.99 a month and 150MB Frontier is $40 a month.

After fees, taxes and all of the bullshit increases year after year, Comcast charges me 107$/month for 25mb (yeah, I'm not forgetting a zero). They have no competition where I am (the competitor serves across the street but won't do our building even though we agreed to fund the infrastructure).

Advertised rate is half that. It's a scam.

Re: Netflix is now worth more than Comcast

#34

Post by rayiner »

scarface74 wrote: post #13
thisisit wrote: post #3

Comcast 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.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company.

Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the basic broadband service to compensate. But that’s not going to fly in this next generation with 5G and satellite competition.

The average Netflix user watches 600 hours per year, or 50 per month. HEVC is 1.5 gigs per hour for 4K, so that’s under 100 GB per month. If data caps for 5G increase at about the same pace as for 4G, wireless data caps will be within that range within five years. Heck, AT&T’s fixed wireless is already at 160 GB per month. And Verizon has publicly stated its 5G service wonkt have the kind of data caps its 4G service has: https://www.pcmag.com/news/357374/verizon-no-4g-level-data-c....

The idea that cable providers can raise prices to compensate for lost TV revenue is predicated on the assumption that there are no alternatives. That assumption ignores just how much bandwidth 5G gives you to play with.

Re: Netflix is now worth more than Comcast

#35

Post by GuiA »

gruturo wrote: post #25
scarface74 wrote: post #13

Earlier quoted context omitted.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

I pay my provider (in Germany) 29 EUR/Month, and that's for a premium offering (it's actually a business contract, not a consumer one). Sooner or later, despite the ridiculous monopolies, the lobbying power, the borderline illegal obstacles to newcomers, regardless of how deeply entrenched they are, these ridiculous $100/month providers will eventually be disrupted. So I see Comcast's revenue source under a considera…

People are always comparing ISP offerings in Europe/Japan to the US and saying it doesn’t make sense, but the scale of deploying service are just not the same.

US: 9.8 million km^2, 33 ppl/square km

Germany: 350 000 km^2, 231 ppl/square km

Re: Netflix is now worth more than Comcast

#36

Post by throwaway5752 »

butterfi wrote: post #23

Traditional TV cut its own throat by expanding commercial air time to the point where customers are actively looking for and consuming alternatives. Rather then address the issue of why traditional TV is being rejected, Comcast is trying to coerce its members into subsidizing TV by making their subscription bundles more competitive then simply getting an internet connection. That won't do much in the long run as peop…

The biggest problem wasn't commercials (didn't help) but bundling. Why should I pay ... $10/mo for MTV/Nickolodeon? $20/mo for 20 different ESPN channels?

A la carte cable offerings is what NFLX should be worried about. 10 live stations (maybe a small premium station surcharge) for a small fee will compete for the same limited number of leisure hours in a day we have on average.

The idea we could use (or want) 500 channels was always a mistake.

Re: Netflix is now worth more than Comcast

#37

Post by rhizome »

scarface74 wrote: post #13
thisisit wrote: post #3

Comcast 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.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

One difference with cord-cutting vs. Comcast (et al) is that I have no idea how to watch sports on broadcast unless I come across it randomly channel surfing.

That is, for me, it's not about money so much as control over distractions in my home. People have been clamoring for a la carte cable for years if not decades, and since the cable services either decline or are unable to provide this, technology finds a way.

The $5-10 (or whatever) per subscriber that ESPN gets in kickbacks is commercially offensive to me (and who knows how much they get from home shopping providers), but if there's a way where I can avoid that whole thing, well that's worth the same amount I might otherwise give a cable company that would just as soon shovel a bunch of garbage I don't care about into my programming guide.

Re: Netflix is now worth more than Comcast

#38

Post by kitsunesoba »

scarface74 wrote: post #13
thisisit wrote: post #3

Comcast 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.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

For a few of us with non cable pure internet ISPs at least, we really are cutting the cable. I use Webpass in SF, which does building to building microwave beaming and gigabit fiberoptics and that’s it... it’s plain and simple internet without TV or service bundling of any kind. Big cable hasn’t received a penny from me and if I can help it, never will.

Re: Netflix is now worth more than Comcast

#39

Post by [deleted] »

thisisit wrote: post #3

Comcast 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.

[deleted]

Re: Netflix is now worth more than Comcast

#40

Post by rconti »

rhizome wrote: post #37
scarface74 wrote: post #13

Earlier quoted context omitted.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

One difference with cord-cutting vs. Comcast (et al) is that I have no idea how to watch sports on broadcast unless I come across it randomly channel surfing. That is, for me, it's not about money so much as control over distractions in my home. People have been clamoring for a la carte cable for years if not decades, and since the cable services either decline or are unable to provide this, technology finds a way. T…

Or TiVo, or the internet. I'm not sure how this is different from how you watch sports on cable unless you come across it randomly. Either way you need to find a schedule somewhere?
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