Bloomberg Intelligence Netflix Shares Fall most Since 2022 as Tax Hit Spooks Investors
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Oct 22, 2025 Join John Butler, a Senior Telecom Analyst at Bloomberg Intelligence, as he dissects AT&T's recent quarterly results, highlighting revenue misses amid aggressive promotional efforts. He also explores AT&T's strategic shift towards fiber broadband and its implications in the competitive landscape. The discussion dives into Netflix's precarious situation due to a tax surprise in Brazil and its potential interest in acquiring Warner Bros. assets, all while keeping an eye on evolving trends in the telecom sector.
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AT&T Betting On Broadband Not Just Wireless
- AT&T is focusing on fiber broadband growth as wireless market matures and becomes saturated.
- Fiber and fixed wireless access expansion position telcos to take share from cable providers.
Broadband Battle Heats Up With New Entrants
- Broadband competition is shifting: cable losing share to fiber and fixed wireless access, with Starlink about to add satellite competition.
- Telcos gaining share must plan for more wireless and satellite entrants.
Focus On Service Revenue And Guidance
- Watch wireless service revenue closely, not handset sales labeled as "empty calories."
- Focus on management commentary for strategy shifts under new CEOs at Verizon and T-Mobile.