Posted on 04/22/2020 6:40:29 PM PDT by Libloather
Netflix (NASDAQ: NFLX) reported earnings after the market close on Tuesday, and the all-important subscriber acquisitions far exceeded even the most bullish forecasts. Before the COVID-19 pandemic marched across the globe, Netflix had guided for 7 million new paying members. As the number of lockdowns and stay-at-home orders increased, however, so did analysts' growth estimates, with some exceeding 10 million. Even that wasn't enough.
The streaming pioneer added a record 15.77 million new monthly subscribers, up nearly 23% year over year, bringing its global total to 182.86 million. Domestic growth -- which had recently stagnated -- was reignited by those looking for in-home entertainment, climbing 23% to 2.31 million subscribers, or four times the net additions from Q4. Average revenue per user (ARPU) also rose, increasing by 8%.
The report wasn't all sunshine and roses. Revenue of $5.77 billion grew 28% year over year, barely edging out management's previously issued forecast. Considering the size of the subscriber beat, revenue growth was lower than many expected, but a foreign currency exchange headwind impacted results to the tune of $115 million.
(Excerpt) Read more at nasdaq.com ...
Just click the movie you’re watching and it will show written ‘more like this’ and click that. You’ll see then a lot more to choose from.
So little worth watching there anymore. I have not had them for a while now. If anything then I plan on waiting for several seasonal shows to update. Then sign up for one month. Watch those shows. And then cancel again. There are not many shows left that are worth watching. Most of them have already had their final season. All the new stuff is garbage.
Reed Hastings is a west coast weenie.
https://money.cnn.com/2016/10/07/technology/reed-hastings-netflix-donald-trump/?iid=TL_Popular
Interesting. I just dropped them. Not worth it.
Same here. Most of the stuff is garbage now. Very little worth watching.
Ah geeze that’s too bad.
That’s true, but Netflix has revolutionized the way we watch TV.
I don’t even watch regular TV anymore. It’s simply a good entertainment deal.
They have some good series on...
*80% of Netflix sales are over seas looks like the virus helped in sales.
Can some one explain finance 101 with me? If Netflix is trading well over 200 times earnings, why does it issue debt? Wouldn’t it be better to issue more shares at such high levels to raise cash?
I am constantly amazed how a 12 percent of population demographic is in 99 percent of everything on television and the majority in most. Yet hispanics are 17% and rarely shown on tv.
I always joke that if a UFO landed in the US and started watching network television, they would assume that the population is 50% black and 25% gay.
they would assume that the population is 50% black and 25% gay.
= = = = = = = =
And Dogs rule the world as when walking they drag a human behind them to pick up their Schiff.
Why are you pulling that chain???
Ever try to push one???
Only 50%? More like 80, and all doctors and lawyers and bosses....with Caucasian wives.
Frankly in order to show they’re diversity they salt and pepper the actors seen.....who generally don’t actually fit the role nor do they act all that well.
Thanks. Great idea. :D
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