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Netflix Volatile On Lower Subscriber Additions


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, 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.


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