NFLX - Netflix earnings: Notes on competition set to start buybacks

In Netflix's (NFLX) shareholder letter for Q1 earnings, you might not be sure that the company is fighting hard for eyeballs with rising rivals in Amazon.com (AMZN), Disney (DIS), HBO Max (T), Peacock (CMCSA), Paramount Plus ([[VIAC]], [[VIACA]]) and others: Its "competition" commentary focuses on other entertainment. As it has before, the company focuses on the other rivals for its customers' time, "ranging from watching linear TV, video gaming, and viewing user generated content, just to name a few." But it still believes the entertainment market is huge and it has plenty of room to grow. Eschewing more traditional market share definitions, it says "We believe we are less than 10% of TV screen time in the US and even smaller in other regions and when including mobile devices." More streaming services are launching, the company acknowledges, but that's "reinforcing our vision that linear TV will slowly give way to streaming

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Netflix earnings: Notes on competition, set to start buybacks