Stock Tanks on Weak Subscriber Adds — Netflix Earnings

17 Июля, 2018, 02:19 | Author: Regina Silva
  • Netflix shares dive after disappointing quarterly results

Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition.

The company's stock closed regular trading up $4.68 a share, or 1%, to $400.48 and was up almost 150% over the a year ago.

"We had a strong but not stellar Q2, ending with 130 million memberships", Netflix said in a letter to shareholders. That comes out to 4.87 million new subscribers for the quarter, far below the 6.2 million Netflix was hoping for.

Netflix posted its earnings report for the June quarter today and revealed that it added 5.15 million subscribers for the quarter.

Читайте также: Exciting sneak peak at new Dr Who series! - CBBC Newsround

In the third quarter, Netflix expects to add 5 million subscribers - 650,000 in the United States and 4.35 million internationally.

In their letter, Netflix officials acknowledged that the company's subscriber growth was lower than anticipated but didn't off much of an explanation of how it came up short.

Despite its second-quarter misfire on subscriber growth, the Los Gatos, California, company reported earnings that beat analyst estimates. In the second quarter of 2017, it earned 15 cents a share. The company has said it plans to spend $14 billion on shows and movies this year. For the first time, Netflix generated more revenue outside the U.S.: global revenue totaled $1.92 billion and U.S. revenue was $1.89 billion for Q2. The reason behind this is that Netflix is now has a free cash flow of negative $559 million meaning they once again spent more in the second quarter of 2018 than they made.

"Right now, Netflix is still miles ahead of its closest competitor, but there is going to be a giant bulls-eye on Netflix's back during the next 18 to 24 months", Ives predicted in an interview.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended:

  • British cave diver mulls legal action over Musk's attack

    British cave diver mulls legal action over Musk's attack

    Musk's outburst came just a week after he said in a Bloomberg interview that he would try to be less combative on Twitter. Musk, the CEO of SpaceX and Tesla, offered no evidence or justification for his claim that Unsworth is a pedophile.
    Kavanaugh wrong for Supreme Court

    Kavanaugh wrong for Supreme Court

    Paul said he's "willing to meet" with the judge to see how he would rule on other issues. The newspaper reports Kavanaugh also donated $1,000 to Cordray's failed bid for U.S.

    China files WTO challenge to US $200 bn tariff plan

    Leaders failed to find sufficient consensus for such a joint statement after meetings in 2016 and 2017. "Protectionism is on the rise", the report said.
  • Putin and Trump's furious ROW over nuclear war attack video

    Putin and Trump's furious ROW over nuclear war attack video

    Ahead of their meeting at Finland's Presidential Palace, both leaders made brief opening remarks to reporters. He added that they "spent a great deal of time talking about it".
    Amazon extending deals on Prime Day

    Amazon extending deals on Prime Day

    Last year's Prime Day saw the best price of the year on the fitness trackers and Deal News expects similar discounts this year. To keep with Amazon's prime day sale, Flipkart is also scheduled to host a sale starting from today onwards till July 19 .

    Trump, Putin sit down a bit late for closely watched summit

    Bob Corker of Tennessee, who has bristled with Trump, said he "did not think this was a good moment for our country". The two leaders are meeting tete-a-tete behind closed doors, a TASS correspondent reported from the scene.
  • Roku's wireless speakers are just for its TVs

    Roku's wireless speakers are just for its TVs

    They ship with a Roku TV Voice Remote, which controls both the Roku TV and the speakers, as well as the all-new Roku Touch. That's to be expected, though, since TV speakers aren't exactly known for offering the greatest audio quality.
    North Korea to grant special amnesty in August. Why?

    North Korea to grant special amnesty in August. Why?

    The committee was expected to take five days to consider the request, which China and Russian Federation are expected to block. But a USA military official familiar with the matter said last month it was not clear what North Korea might hand over.
    Theresa May: 'Donald Trump told me to sue the European Union  over Brexit'

    Theresa May: 'Donald Trump told me to sue the European Union over Brexit'

    Along with Mr Johnson, the man who had been leading the Brexit negotiations, David Davis, also quit in protest. The hardline Eurosceptic wing of her party believes that her new plan makes too many concessions to the EU.
  • Fans dumbfounded by D.C. United's programme notes on Wayne Rooney

    Fans dumbfounded by D.C. United's programme notes on Wayne Rooney

    Rooney again had a risky attempt in the 88th minute but his volley attempt went sailing over the crossbar. I felt I had done okay, was top goalscorer, played most of the season from midfield, but that's football.
    Theresa May's office quickly dismisses MP's call for new Brexit referendum

    Theresa May's office quickly dismisses MP's call for new Brexit referendum

    Tory Brexiteer Bernard Jenkin suggested Mrs May's Chequers plan was "dead". Or at least that is what well-placed sources tell me.
    Two France fans die during World Cup celebration chaos

    Two France fans die during World Cup celebration chaos

    Mbappe took time out of his celebration to reply to the living legend, simply writing: 'The king will always remain king'. On Monday, the after-effects were still visible. 'Windows were smashed and officers who intervened were attacked.


Popular

Woman Charged For Acting As Russian Agent Mingled With NRA Leaders
A Russian woman living in Washington D.C. has been arrested and a criminal complaint has been filed accusing her of being a Russian spy.

'Explosive device' thrown at Gerry Adams' home in Belfast
The Police Service of Northern Ireland said officers were "dealing with two incidents at two separate addresses in west Belfast ". Mr Kelly said Mr Adams' grandchildren were in the driveway of the house minutes before the attack. "I would appeal for calm".

Karnataka: Techie lynched after Whatsapp rumour of child-lifting, 30 arrested
He said 10 policemen, including himself, tried to form a ring around the victims, but the mob attacked them too. The mob was raining stones and lathis on the other three persons after dragging them out of the vehicle .

Amazon Prime Day marked by outages, dogs
It designed the day to replicate Black Friday for Amazon die-hards, but boasted more deals than the November shopping tradition. We already know about two deals Amazon plans to offer, but expect discounts on their entire suite of products.

In TV interview, Trump says queen call Brexit 'complex'
In an interview with The Sun , Donald Trump said he would have negotiated "very differently" if he was in Theresa May's position. Mr Rees-Mogg said Mrs May had apparently abandoned her "red lines" that had won her the support of the party in March.

Trump says US-Russia relations ‘never worse’ ahead of meeting with Putin
She also noted Trump told her not to walk away from the Brexit negotiations, during their joint press conference. Trump complained: "No matter how well I do at the Summit", he'll face "criticism that it wasn't good enough".

KC officers shot - police in standoff with suspect
As of 6:45 p.m. on Sunday, the department said they are investigating "numerous" scenes, which will likely extend into Monday. Investigators have not released the name of the officers who were shot at this point or described their injuries.

Villagers kill nearly 300 crocodiles in revenge attack
In this Saturday photo, people look at the carcasses of crocodiles slaughtered by villagers in Sorong , West Papua . The authorities also said they were investigating elements of possible negligence related to the death.

Amazon Prime Day vs Black Friday price comparison
In the years since, Prime Day has grown into a shopping extravaganza in its own right, with deep discounts on all kinds of items. Last year's Prime Day saw the best price of the year on the fitness trackers and Deal News expects similar discounts this year.

Woman arrested, charged with acting as Russian agent in U.S.
The affidavit stated that in in 2017, Butina and the official attended the National Prayer Breakfast in Washington. She and Torshin also attended a series of NRA events in the United States starting in 2014.

Tendencies