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emfizz.com November 24, 2017


Netflix nears 100m users but misses Q1 sign-up target

22 April 2017, 12:46 | Anna Nguyen

Netflix nears 100m users but misses Q1 sign-up target

A customer at a GNC Holdings store in New York

Netflix now expects to cross the 100 million subscriber threshold in the second quarter; the company projected that it will have 101.95 million total members at the end of Q2.

Netflix reported profit of $178 million on revenue of $2.64 billion in the first three months of this year as compared with net income of $28 million on revenue of $1.96 billion in the same period a year earlier. The company has done a good progress over the past five years.

Netflix's earnings exceeded expectations, while slower-than-expected subscriber growth was offset by a better-than-expected forecast for subscriber growth in the current quarter.

He downplayed competition, saying "entertainment is not a zero-sum game" and it is more about winning fans with content in the on-demand viewing market.

Will end March with 98.7 million customers in roughly 190 countries. Netflix has a 12 month low of $84.50 and a 12 month high of $148.29.

"It wasn't a strong quarter for Netflix in terms of content", said eMarketer senior analyst Paul Verna.

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A lot of this has to do with the fact that the latest season of the runaway hit House of Cards was pushed back, which attracted millions of new users to come rolling in during the recent quarter. However Hastings is hopeful they have ways to catch up with YouTube. Finally, MKM Partners restated a "buy" rating and set a $175.00 target price (up from $165.00) on shares of Netflix in a research report on Tuesday, January 31st. This year, Netflix thinks it will spend about $6 billion on programming.

However, Netflix forecast 3.2 million more in the seasonally slow second quarter, well ahead of analysts' estimate of almost 2.4 million.

Netflix has expanded around the world over the last few years, betting that its USA formula would pay off in other countries. Revenue for the worldwide segment grew 62% year over year, excluding a -$12 million impact from currency, while ASP rose 12% year over year on a [foreign exchange] neutral basis.

Stay on topic - This helps keep the thread focused on the discussion at hand.

Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. We now model a 17% average annual decline in total U.S.net adds from 2017 to 2021 with a 21% decrease in 2017, but our projections (and consensus) may prove optimistic and problematic for the firm.



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