Netflix Volatile On Lower Subscriber Additions

Netflix, Inc. 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.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.