Market Overview

Netflix Volatile On Lower Subscriber Additions

Share:
Related NFLX
Benzinga's Bulls & Bears From The Week: Home Depot, Netflix, Walmart And More
Cramer Finds A Way To Explain Stock Diversification With Fantasy Football
—nd-Level Thinking Is Required for Outperformance (GuruFocus)

Netflix, Inc. (NASDAQ: NFLX) released its highly anticipated first quarter earnings results after Monday's market close with subscriber growth numbers squarely in focus.

  • Netflix reported Q1 EPS $0.40, beating by $0.03
  • Sales came in-line at $2.64 billion
  • Net streaming additions of 4.95 million
  • Sees Q2 operating margin at 4.4%
  • Sees 1H 2017 net additions of 8.15 million vs 8.42 million net additions in the same period of last year
  • International streaming net additions were down 22% YoY
  • Expecting 3.2 million net adds in Q2

In response to Amazon.com, Inc.(NASDAQ: AMZN) recent Thursday Night Football streaming contract, Netflix said any move similar to Amazon’s move into NFL football “is not a strategy that we think is smart for us.”

Netflix shares fell more than 3 percent after hours following the release, but began to recover. At time of publication, the stcok was trading at $144.68, down about 1.2 percent in the after-hours session.

Posted-In: Amazon NetflixEarnings News Guidance After-Hours Center Movers

 

Related Articles (AMZN + NFLX)

View Comments and Join the Discussion!