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Let me start off with few basic things. ViacomCBS has had a great Q2 with some key highlights:
ViacomCBS Paramount+ is experiencing unprecedented subscriber growth in post-pandemic quarters Q1 and Q2 compared with slowing down subscriber growth in streaming industry, where net Adds in Q2 (6.5 million) exceeded Q1 (6.0 million), which I believe nobody expected even in their most bullish scenarios.
Key highlight is that Paramount Plus Quarter-over-Quarter growth is in 20% range in the first 2 quarters of 2021, while Netflix is experiencing a 1.3% subscriber growth, so basically becoming a value stock instead of being a growth stock. Also Disney's subscriber growth is slowing down dramatically as well to 7.67% average growth for the Q1 and Q2 2021 quarters.
Diversity of Content and Subscription price
In conclusion, ViacomCBS Paramount+ is expanding into more countries in 2022 with total of 60 countries including Europe, Australia, etc, and Paramount+ subscriber growth has not yet reached its peak as Yellowstone prequel and potentially Yellowstone itself including Season 4 is coming to Paramount+ later this year; Also recent $900 million deal with South Park creators with 14 South Park films in next 7 years streaming exclusively on Paramount Plus where 2 South Park movies coming later this year!!!! ALSO ALSO, Star trek new seasons and tv shows coming this year, as well as Avatar The Last Airbender new shows and new movies coming exclusively to P+, as original creators, Michael DiMartino and Bryan Konietzko, are joining Nickelodeon as co-chief creative officers of Avatar Studios. ALL OF THIS SHOWS ViacomCBS commitment to P+ and make it the TOP 3 or even Number 1 streaming platform globally
Therefore $VIAC should actually be valued like a growth stock with P/E = 15-20 which equals to $80-$100, instead of 7.79 P/E currently. While $NFLX should be actually a Value stock or Shiittyy stock with P/E of 10, instead of P/E=53.9.
Also Paramount+ is the cheapest in the industry with only 4.99$ and has huge amount of quality content (CBS, Nickelodeon, BET, SHOWTIME, Smithsonian, Paramount Network, MTV, Comedy Central) while the rest of streaming platforms subscription is like around 8$-10$ and does not have enough good content to justify it. Also who da faq still subscribed to NFLX? THere is like nothing to watch there...
PROVE ME WRONG! Would love to hear your comments.
My position in $VIAC. I backup what I say.
DISCLAIMER: Not a financial advice!