Netflix Shares Getting A Bump On Q214 Earnings
On Monday just after the closing bell, Netflix (NASDAQ: NFLX) released its second quarter 2014 earnings results in a letter to its shareholders.
For the quarter, the company noted that it grew its U.S. member base to more than 36 million citing "ever-improving" content offering. Looking ahead, the company expects to tack on another 1.3 million net additions in the third quarter, which is on par with the same quarter last year when it premiered Orange is the New Black.
Additionally for the U.S., Netflix management made a point to mention a 460 year-over-year bps expansion in the company's contribution margin.
Turning to the company's international performance, management noted a 78 percent year-over-year increase in memberships bringing the total to 13.8 million.
Management is expecting a "significant increase" to its European presence as it launches in Germany, France, Austria, Switzerland, Belgium and Luxembourg in September.
Netflix shares saw an initial pop up of about two percent following the release and had slipped back to up around half a percent, at last check.
- Total streaming revenue $1.146 billion
- Net income $71 million
- EPS $1.15
- Total Revenue $1.224 billion
- Net income $55 million
- EPS $0.89
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