Netflix on the verge of hitting 100 million subscribers
The company will touch that mark this weekend if its predictions are correct. Operating margin is expected to slip from 9.7% in the first quarter to 4.4% in the second quarter, but the company reiterated its 7% target operating margin for the year.
USA paid subscribers continued to grow at a slower pace than we previously projected, with trailing 12-month paid net adds at 3.7 million in the quarter, down 32% from 5.4 million at the end of first-quarter 2016, which was down 9% versus 2015.
People were able to watch videos everywhere on their smartphones and tablets, said Michael Pachter Wedbush Securities analyst. "But Netflix clearly had a vision before those devices became so ubiquitous", he added.
Despite the growth, subscription numbers fell short of expectations - the company previously predicted 1.5 million in the US and 3.7 million internationally.
Dwelling on the subscriber guidance, the analyst said the company's domestic subscriber guidance of 0.6 million was ahead of his estimate of 0.21 million and the consensus estimate of 0.19 million.
Analysts estimated Netflix would earn 37 cents a share, up from 6 cents a share in the same quarter previous year.
ReThink Technology Solutions estimates the current SVOD market in Europe to be ~$5.0 billion. All over the world, HBO has around 134 million subscribers and provides the internet-only option.
Responding to the emergence of "virtual MVPDs" like Sling, YouTube TV and Hulu's upcoming OTT service, the shareholder letter noted: "We believe VMVPDs will likely be more directly competitive to existing MVPD services since they offer a subset of the same channels at $30 to $60 per month, and may appeal to a segment of the population that doesn't subscribe to a pay-TV bundle".
Tip-in by Ryan lifts Senators over Bruins 4-3 in overtime
Two goals by Mike Hoffman and Derick Brassard's second of the playoffs on Tuukka Rask had given the Senators a 3-0 lead. Including playoff games, the Bruins are 37-22-3 with Miller in the lineup this year, and 8-11-4 without him in action.
Most Americans no longer think Trump is keeping his promises, poll says
Trump's supporters have expressed their unhappiness that the president has not moved forward on immigration, healthcare or taxes. And while the overall approval ratings are ticking up, another Gallup poll shows Americans are still concerned about Trump.
Infowars host Alex Jones argues persona in custody dispute
Which brings us news that broke this weekend in which Alex Jones is now in the middle of a custody battle with his ex-wife. He called Schiff an "archetypal cocksucker" and a "fairy", and said, "I'll beat your goddamn ass, you son of a bitch".
Shares of Netflix are up more than 30 percent in the past year.
The model works from a customer viewpoint because it is such a great value, Pachter said.
The video streaming service insisted that the lower-than-expected Q1 subscriber growth in both domestic and global markets did not signal any change to its long-term growth expectations.
Indeed, the company noted that the United States and other established markets have been funding worldwide expansion for several years. For the record, Netflix's overseas subscriber count totaled almost 48 million by the end of March. Netflix credits the ongoing growth to a price change in mid 2016.
Hastings also addressed the issue of market saturation, citing YouTube's announcement in February about users racking up more than 1 billion hours of video viewing every day.
In terms of revenue, Netflix saw a 35% year-over-year increase to reach $2.64 billion in the first quarter, meeting expectations, and EPS was $.40 per share, above the $0.37 that analysts expected.
Growth and competition were a key topic of discussion during the company's earnings interview.
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A Gigantic Iceberg Has Turned Up Off The Coast Of Canada
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Justices Sympathize With Church In Key Religion Case
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Meghan Markle Will Be Prince Harry's 'Plus One' for Pippa Middleton's Wedding
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The power of thought: From your brain onto Facebook
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Charlotte earns title match against Naomi on SmackDown Live next week
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Google Earth gets revival with tools for exploration
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Vinson carrier group expected off Korea in late April
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Spill at BP well in Alaska reported
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Panthers sign Pro Bowl DT Kawann Short to 5-year extension
Keeping Short around should help the Carolina defensive unit remain stout against the run for years to come. He's a great player, but also a quality young man who has the respect of his teammates in the locker room.
Americans finish on podium at Boston Marathon, pair of Kenyans win
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