Netflix blows by estimates, adds 7.4M subscribers in Q1

17 April, 2018, 10:36 | Author: Tara Reeves
  • Netflix								LOST IN SPACE

The pricing upturn is one reason Netflix's first-quarter earnings climbed 63 percent from previous year to $290 million, or 64 cents per share. Last week, Comcast agreed to include Netflix subscriptions in more of its cable packages, opening up a way for Netflix to connect with hard-to-reach potential new members, even though the two waged a public battle against each other in 2014 over net neutrality.

Netflix's eye-popping programming costs and its eye-popping subscriber numbers are related.

Netflix's stock jumped more than 6% in after-hours trading on Monday. The stock fell 1.2 percent to $307.78 at the close in NY and is up 60 percent this year. He did, however, touch on the troubles other technology giants like Facebook are now encountering with data privacy, and claimed that not being in the advertising business keeps Netflix from being vulnerable to those issues. That took the gain so far this year to more than 68%.

Operating margins hit 12.1%, a high among recent quarters, and net income reached $US290 million, up 63% from a year ago as 2017's price rise kicked in.

A number of equities analysts recently weighed in on the stock.

Looking ahead to the second quarter, the company is calling for $0.79 in EPS on $3.93 billion in revenue. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. In the first quarter of this year, Netflix's average revenue per paying subscriber worldwide stood at $10.10 per month, up 14 percent from $8.89 per month at the same time last year.

Philadelphia 76ers Robert Covington is team's enforcer
Embiid was a spectator in Game 1 of the first-round series because of a broken orbital bone around his left eye. Redick and Dario Saric (and their reasonably like-for-like replacements, Belinelli and Ilyasova).

Total streaming content obligations grew to $17.9 billion in the first quarter, up from $17.7 billion three months earlier, and that doesn't account for the ballooning budget to market shows.

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. The company already makes more movies than any studio, with about 80 on tap for all of 2018, and more than one stand-up special a week.

Expectations were high heading into Netflix's earnings report. It's not common for growth to re-accelerate at an already large company, particularly one like Netflix, which has already signed up roughly half or more of US households that have fast internet service. In the first quarter it debuted "Altered Carbon" and "The End of the F***ing World", in addition to returning seasons of "Marvel's Jessica Jones" and "Grace and Frankie". Netflix topped and said it'd bring about 6.2 million additional customers in April through June, 1 million longer than analyst predictions.

Netflix has allayed concerns about its cash burn by continuing to add subscribers, convincing investors that the spending is effective.

But it has to continue to invest in original content because it is a way to attract new subscribers, and also because it's content that it can more easily distribute across different geographies and itself has control of the rights and what happens to it. Its impressive quarter came just three months after it raised prices for subscribers in the USA, its largest market. Last week, Comcast Corp. said it would offer Netflix subscriptions to its cable TV service, giving the world's largest streaming platform another way to boost its viewer base in the USA, its biggest market.


  • Manchester City clinches 2017-18 Premier League title

    Manchester City clinches 2017-18 Premier League title

    The Citizens have been widely praised, with many calling them the best team in Europe this season. Plus, City need three more wins to better Chelsea's record of 30 Premier League wins in a season.
    West hesitates on Syria response as Russian Federation  warns of 'war'

    West hesitates on Syria response as Russian Federation warns of 'war'

    Mr Nebenzia also called for the UN Security Council to meet again on Friday to discuss the possibility of Western military action. The US and France said they had proof it took place and, alongside the United Kingdom , were considering military retaliation.

    UK's May summons Cabinet to discuss Syria military strike

    May has indicated she wants Britain to join in any US -led strikes in response to the attack in Douma. That then deterred the US administration of Barack Obama from similar action.
  • BJP banks on old guard in Karnataka, despite the cases against them

    BJP banks on old guard in Karnataka, despite the cases against them

    After not finding out his name on the list, MLA HP Rajesh rushed to Bengaluru to meet the Chief Minister. Karnataka is one of the few Indian states which is being ruled by the Congres.
    Tesla CEO Elon Musk talks about lengthy Model 3 production schedule

    Tesla CEO Elon Musk talks about lengthy Model 3 production schedule

    A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility is low. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations.
    Airstrikes in Syria

    Airstrikes in Syria "appropriate reaction" - Turkey

    The perpetrators of that heinous assault must be held accountable for their actions. "Turkey was informed ahead of the attack", he wrote on Twitter.
  • Sixers Lose To Heat As Joel Embiid Expresses Frustration

    Sixers Lose To Heat As Joel Embiid Expresses Frustration

    Still, the momentum was all with the Heat - Josh Richardson stepping up on both ends of the floor as his team kept their lead. Wade however had other ideas, grabbing a two-pointer before finding Johnson with a superb pass to make it 102-96.
    Boston Celtics: 5 keys to series vs

    Boston Celtics: 5 keys to series vs

    The Boston Celtics are shooting 42.3 percent from beyond the arc and 88.9 percent from the free throw line. Milwaukee comes in as the heavy underdog, the No. 7 seed going against the second-seeded Celtics.
    A new version of Gmail is in the offing

    A new version of Gmail is in the offing

    Like ephemeral stories, these emails will be automatically cleared as soon as they're in the inbox for a specific time period. For small businesses with limited budgets, the free version is more than capable of carrying out most of your email needs.
  • Tornado Watch In Effect For Eastern Oklahoma

    Tornado Watch In Effect For Eastern Oklahoma

    The incoming cold front marks the third instance of warmer weather followed by tumbling temperatures in the past three weeks. Acting early helps to save lives! A series of recent brush fires triggered the ban, officials said.
    IPL: Kohli praises bowlers for victory against KXIP

    IPL: Kohli praises bowlers for victory against KXIP

    IPL is very ruthless and your reputation doesn't count much and Yuvraj has to pull up his socks and play like a senior batsman. Umesh Yadav's three for 23 had helped RCB restrict Punjab to 155 but the pursuit of that target was far from straightforward.

    US President in slanging match with former Federal Bureau of Investigation director

    Democrats, who had been critical of Comey's handling of the Clinton investigation, defended him against Trump's attacks. In January 2017, United States intelligence chiefs briefed Mr Trump and his advisers on Russia's election meddling.


Starbucks apologizes for arrests of 2 black men in Philly store
The original video that was shared on Twitter on Thursday evening has been liked almost 1 million times and has since gone viral. But one Twitter user edited the statement to include that the moment was "racial profiling" and "racially motivated harassment".

Federal Bureau of Investigation raid of Trump lawyer linked 'Access Hollywood' tape
Trump could be heard telling former NBC host Billy Bush that he could "grab" women by their genitals because of his fame. Prosecutors said today their criminal probe is focused on Cohen's personal business dealings.

Netanyahu Supports Attacks by US, UK , and France on Syrian Targeted Sites
The U.S. notified Israel on Friday before it carried out missile strikes on Syrian targets, an Israeli official told Reuters . This massacre was a significant escalation in a pattern of chemical weapons use by that very bad regime".

Milos Forman, Oscar-Winning Director of Amadeus, Dies at 86
His first feature film came in 1964 with " Black Peter ", which established him as part of the rising New Wave Movement in Czech. Larry Flynt ) and comedian Andy Kaufman ( Man on the Moon ). "A filmmaker, artist, and champion of artists' rights".

President receives 1st copy of book 'Dr Babasaheb Ambedkar: Vyakti Nahin Sankalp'
Ambedkar, an event had been organized at the Galgalia Middle School which is located in the border area near Kharibari. It also referenced how Prime Minister Shri Narendra Modi had been inspired by the life and message of Dr Ambedkar.

Liverpool vs Bournemouth, Premier League
Mohamed Salah will be desperate to tighten his grip on the Golden Boot today as he starts in attack along with Sadio Mane and Roberto Firmino .

Bitcoin Plus Achieves Market Capitalization of $4.15 Million (CRYPTO:XBC)
Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Planet using one of the exchanges listed above. The Reddit community for Bitcoin Plus is /r/bitcoin and the currency's Github account can be viewed here.

Guardiola: 'Man Utd can still win the Premier League'
But while City are still overwhelming favourites to be crowned champions, Guardiola admits there could be further slip-ups. When I heard pundits and fans in November they said it's all done, it's impossible for City to drop points.

Proposal To Break California Into 3 States Could Make November Ballot
Even if the initiative makes the ballot and Californians vote to split the state, Congress would still need to vote on the change. CNN reached out to Secretary of State Alex Padilla, but he refused to comment until he receives the signatures.

Lewis Hamilton issues warning with strong Chinese Grand Prix practice showing
I think if we do our homework, if we get the auto balance right and we get everything together, then it should be a good weekend. Max Verstappen believes Red Bull still has work to do over one lap if it is to make the most of its strong race pace in China .