emfizz.com
emfizz.com July 22, 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.

Real Brexit Talks to Start after June Vote: EU Commission
May's call for an early election came after firm assurances that she would not seek a new election before 2020. The British Prime Minister is seeking an election to copperfasten her mandate ahead of Brexit negotiations.


Trump Says Iran not 'Living up to Spirit' of Nuclear Deal
The disagreement between Mr Obama and Mr Netanyahu over the deal had strained US-Israel ties and Obama-Netanyahu relationship. But Mr Obama had said the deal would make the world safer and more secure.


NuStar GP Holdings, LLC (NSH) Price Target Raised to $28.00
NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St. FBR & Co reaffirmed a "hold" rating on shares of NuStar Energy L.P.in a research note on Wednesday, April 12th.


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.



Other News

Trending Now

UC Berkeley Reverses Position and Reinvites Ann Coulter to Speak on Campus
Be Civil - It's OK to have a difference in opinion but there's no need to be a jerk. But she defiantly said she had no plans to cancel.

Honda plans Rs. 1600 cr. spending to add bikes
Honda will also ramp up its premium segment presence by bringing in Africa Twin, a 1000 cc sports bike, soon. BS VI norms will make India quality match the world's most stringent quality standards.

UC Berkeley ReInvites Ann Coulter, But There's a Catch
She also said she'd "already spent money" planning for the event, for space, airfare and hotels for her and her crew. This has damaged my reputation for them to be acting like I'm David Duke out there.

Opko Health, Inc. (OPK) hit his 1-Year Low price on 03/02/17
Standpoint Research reissued a "buy" rating on shares of Opko Health in a research report on Friday, December 30th. The firm had revenue of $275.50 million for the quarter, compared to analysts' expectations of $310.82 million.

Kevin Durant should sit out entire series if he needs to
The Warriors lost depth by signing Durant; they aren't the same team that won 73 games and almost the championship without him. Golden State is lauded for its brilliant offensive performances, but its defense has been a hallmark of the Warriors' rise.

Georgia run-off sets test for Trump, and Democrats
Although the Georgia race has received the most attention, it's not the only special House election to make waves this year. That means Ossoff , a former congressional staff member, will take on Republican Karen Handel in a June runoff election.

Root to play first championship game for Yorkshire in a year
Yorkshire could have done with something different in their attack such as Brooks' wicket-taking ability or Plunkett's extra pace. Hampshire recovered from the early setback to reach lunch at 75-1 from 30 overs, with Vince and opener Jimmy Adams watchful.

Trump to sign measures to review financial regulation
When asked whether the reform plan would be "revenue neutral", Mnuchin said the "deal will pay for itself". The administration has repeatedly stressed that tax reform is a top priority this year.

Android Wear 2.0 To Roll Out To Remaining Devices In May
That's a lot to get excited about if you own an Android smartwatch so it's good to know the wait is nearly over for most. Newly announced smartwatches like the Movado Connect and Guess Connect already have Android Wear 2 .0.

Florida tests bacteria-infected mosquitoes to kill insects carrying Zika
Food and Drug Administration approved field trials of the Oxitec's genetically engineered mosquitoes in the Florida Keys. The gene creates a protein that interferes with cell activity, killing the mosquito before it can reach adulthood.