Stock Tanks on Weak Subscriber Adds — Netflix Earnings
17 July, 2018, 02:19 | Author: Regina Silva
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.
'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".
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.
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.
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 .
Several major outlets, including Nordstrom , Neiman Marcus and Marshalls, have scaled their Trump offerings way back . Though Trump no longer oversees her company's day-to-day operations, she continues to make money.
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.
Where no Indian batsman could even manage a half century the England No.3 scored a hundred, the 12th of his ODI career. The average has been 29.66 which can be put in perspective considering at what time of the innings, he comes into bat.
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".
Two of those hospitalized were in stable condition while one woman was in serious condition with a fractured femur . The boat operated by Hawaiian Lava Boat Tours returned to Wailoa Harbor at about 7 a.m. today.
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.
Prior to 2010, the new Doctor Who was hard for Americans to watch, and hadn't really exploded at various stateside comic-cons. The trailer could show Graham (played by Bradley Walsh), Ryan (Tosin Cole) and Yasmin ( Mandip Gill ) in their first look.
Additionally, the Mayor of Hawkins ( Cary Elwes ) has drafted a letter to the people of his town about the incoming shopping mall. Instead of babysitting and fighting off Demo-Dogs, he's slinging scoops at the new Starcourt Mall.
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.
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 .
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.
China files WTO challenge against latest U.S. tariff plan
European leaders have criticized Trump's tactics but share USA criticism of China's industrial policy and market barriers. The $200 billion in goods sold to Americans every year represents about 40 percent of total USA imports from China.
Brexit tensions as Tory rebels back a second referendum
Eight officials have quit since that summit, including two very high-profile Leave advocates, David Davis and Boris Johnson . And the BBC's Laura Kuenssberg also said a defeat was possible. "Others saying perhaps we cannot have the bill at all".