It appears that Netflix Is on the brink of breaking the 100 million global subscriber mark, a truly notable benchmark and, perhaps more importantly, a testament to the advances we have made in terms of video streaming technology; something that only became a common reality roughly ten years ago.
Netflix missed slightly on subscriber estimates for its first quarter earnings report as the streaming giant saw shares initially dip but then rise more than 1 percent in after-hours trading on Monday.
In the quarter, Netflix, based in Los Gatos, Calif., reported profits of 40 cents a share, demolishing last year's 6 cents profit.
Netflix ended March with almost 48 million subscribers outside the U.S.
In the United States, the company added 1.42 million subscribers, compared with analysts' average estimate of 1.50 million.
Netflix said it expects to add 3.2 million new customers in Q2 and to have a total of 8.15 million net adds in the first half of the year - down from 8.42 million in H1 2016.
Netflix (NFLX) is estimated to have ~19.0 million subscribers in Europe.
Netflix also predicts that the advent of digital distribution services such as Sling, Playstation Vue, DirecTV Now, YouTube TV and Hulu's forthcoming service won't have much of an impact on Netflix business. The company now has over 98.75 million subscribers and it expects to pass the 100 million milestone by this weekend.
Subscriber additions came in just below guidance.
The trend has confronted Netflix with more competition in the battle for household entertainment budgets.
Movie and TV studios typically also demand more money as more people subscribe to channels to in an effort to make as much as possible off their content. Netflix will spend more than $1 billion in marketing this year to drive customer acquisitions. Quarterly revenues of $2.637 billion just missed our consensus estimate of $2.641 billion, but this figure still represents growth of almost 35% year-over-year.
Sacred Games, a Netflixoriginal series in India, was also used an example of an worldwide show Netflix is producing that is Hollywood-level quality. Beating analyst predictions of 2.4 million additional users for what is generally regarded as the slow quarter, the company managed to gain 3.2 million, Reutersreports.
A Slovenia-born first lady has been successful so far in her most important duty: making sure her husband seems presidential. Thousands of kids, and some adults, joined President Donald Trump on Monday for the annual White House Easter Egg Roll.
Amendola later thanked the president for the "shout out" in a since-deleted tweet, and said he was attending a funeral. Everybody has their free choice of who they wanted, but that's not a person I want to represent me even though he is.
Ricky Jackson, convicted of shooting a man during a robbery in 1975, spent over 39 years in prison before being exonerated. A Cleveland , Ohio man who thought he'd be spending the rest of his life in prison will soon know freedom again.
O'Reilly, whose lawyer has accused far-left groups of engaging in a smear campaign, met with Pope Francis today while on vacation. His trip came as Fox News Channel's parent company 21st Century Fox is investigating sexual harassment allegations against him.
Napoli noted that in fact, another shooting had happened in the same area just 45 minutes or so before Smith was killed. Hayes, who was convicted of manslaughter and attempted manslaughter, insisted at trial that he shot in self-defense.
If we look at stock performance in last active day trading, we see that stock has moved edged up 0.39% to end the day at $35.91. According to sentiments of 3 analysts the mean estimates of short term price target for the company's stock is marked at $3.67.
Mehmet Gormez, the head of religious affairs in Turkey, "cursed" the attacks and said they are the shared problem of all humanity. Egypt has struggled to combat a wave of Islamic militancy since the 2013 military overthrow of an elected Islamist president.
A new Missouri rule will strip state family planning funds from organizations that provide abortions, including hospitals. Lawder says Planned Parenthood would not be able to offer abortions without the injunction from Sachs.
Obama argued the deal was narrowly tailored to prevent what he said was the imminent emergence of a nuclear-armed Iran. President Donald Trump, the United States has assumed an openly confrontational stance toward Iran.
Anne Hathaway is known for championing equality, once famously saying 'A man told me that for a woman, I was very opinionated. Oscar-winning actress Anne Hathaway has admitted to not trusting female directors in the past due to "internalised misogyny".
USA carrier heading toward Korean Peninsula
It is now - really -steaming northward and is expected to arrive in the Sea of Japan sometime next week, US officials said. Cavas was first to report Monday about the Navy's post that revealed the Carl Vinson nowhere near the Korean Peninsula.
UK Parliament approves Prime Minister's early election call
Under that law, general elections are supposed to be held on a regular five-year schedule, with the next vote due in 2020. She needed to win the backing of more than two thirds of parliament's 650 members in order to hold an early election.
Indians killed in USA bombing in Afghanistan
Flash: An #Afghan security source confirmed death of 13 Indians in #MOAB attack in #Achin . The US military previously estimated ISIS had 600 to 800 active fighters in the area.
Insightrix poll shows Saskparty support is tumbling
Other parties - including the provincial Liberals, Green Party and Progressive Conservatives - saw less than 10 per cent support. People were also asked for their views on the provincial budget with the words "disappointed" and "disgusted" topping the list.
Plastic pollution builds up in Arctic waters
The pathway of plastic through the North Atlantic Ocean was also traced using 17,000 satellite buoys. Global warming could open the Arctic to more pollution, partly as the extent of sea ice shrinks.
N.Korea's Kim stages giant show of military strength
Weapons analysts said they believed some of the missiles on display were new types of intercontinental ballistic missiles (ICBM). At the other end of the spectrum, they looked at the notion of accepting North Korea as a nuclear state.
American, Russian arrive at space station
She will be occupying the third seat on the Soyuz MS-04 spacecraft when Mr Yurchikhin and Mr Fischer return to Earth in September. She is expected to receive a congratulatory phone call on Monday from U.S.
Pence: No negotiations with NK 'at this time'
Mr Pence said: "We will not rest and will not relent until we obtain the objective of a denuclearised Korean Peninsula". Asked if he envisioned direct negotiation between North Korea and the US, Pence said, "Not at this time".