BREAKING NEWS- NETFLIX BEAT EARNINGS


Netflix beat their EPS of .81 by 5 cents

Netflix’s revenue was 1.27 billion dollars

To read more about Netflix’s earnings click here or here. ( Do not forget that Netflix conference call will be at  5pm PT. We are currently holding 13 shares of Netflix !!!

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  • Netflix (NFLX) expects Q2 EPS of $1.12, above a $1 consensus. The company plans to raise prices by $1-$2/month (depending on the country) later in Q2 for new members. Existing members will maintain their current prices “for a generous time period.”
  • 2.25M U.S. streaming subs were added in Q1, in-line with guidance. 1.75M international subs were added, beating a forecast of 1.6M. 200K DVD subs were lost, lowering the total base to 6.7M.
  • Netflix ended Q1 with 35.67M U.S. streaming subs, and 12.68M international subs. It expects to added 520K and 940K U.S. and international subs in Q2, respectively.
  • The company declares its international ops are “on a path to achieve profitability this year.”
  • Q1 free cash flow was $8M vs. $5M in Q4 and -$42M a year ago. Streaming content obligations are at $7.1B vs. $7.3B at the end of Q4 and $5.7B a year ago
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About Mitchell Fung

Forex ,Stocks & Option Trading Contact Us if you have any more questions. Email- Hereitfirst@gmail.com Twitter- Hereitfirst_ Instagram- Hereitfirst Paypal Email for donations -desiredmaya@gmail.com
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One Response to BREAKING NEWS- NETFLIX BEAT EARNINGS

  1. Pingback: STOCK PICKS FOR 4/22 | HEREITFIRST STOCK MARKET MILLIONAIRES

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