Netflix (NFLX) Reaches 98.75 Million Members

Netflix (NFLX) Reaches 98.75 Million Members

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.

Nervous about China, Southeast Asia gets Trump's attention
According to Paynor, Widodo's visit will be in reciprocation to the state visit of Duterte to Indonesia last September. Paynor elaborated on specific issues Duterte may discuss with Widodo.

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 Netflix original 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, Reuters reports.

Related News:

  • Patriots Say New York Times' White House Photo is Misleading

    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.
    Yogi Adityanath Govt Begins Work on Greater Noida's Jewar Airport

    Yogi Adityanath Govt Begins Work on Greater Noida's Jewar Airport

    In the mean time, Terminal 1 is all set to be reconfigured with the addition of more departure gates. Sinha said there would be a need for a second airport in Delhi earlier than previously thought.
    Documentary delves into life of music pioneer Clive Davis

    Documentary delves into life of music pioneer Clive Davis

    Davis' most famous discovery, Whitney Houston, was also acknowledged by way of a medley sung by Jennifer Hudson . But I wasn't going to miss this", she said.
  • Former Saints player Will Smith's killer gets total of 40 years

    Former Saints player Will Smith's killer gets total of 40 years

    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.
    Insightrix poll shows Saskparty support is tumbling

    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.
    Soda and strokes linked

    Soda and strokes linked

    However, experts and health charities warned against reading too much into the new findings reported in Stroke . Excess sugar is known to have adverse effects on health.
  • USA ties with Russian Federation may be at an all-time low

    Moscow and Washington had also agreed to continue cooperating to try to find a political solution for Syria, he said. But some senior officials in the Trump administration, including Haley, now say that Assad must go.

    Things You Need to Know About Fox News Cutting Bill O'Reilly

    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.
    Eminent: Son of Frankel impresses to win Craven Stakes at Newmarket

    Eminent: Son of Frankel impresses to win Craven Stakes at Newmarket

    The unbeatable colt has already made his mark as a stallion with his first crop and Eminent possesses the same imposing physique of his sire.
  • 38 detained in Turkey for questioning legitimacy of referendum result

    38 detained in Turkey for questioning legitimacy of referendum result

    CHP party leader Kemal Kilicdaroglu also accused the electoral board of bias and favoring Erdogan's party. Turkey's "yes" campaign was led by the governing AK Party and supported by the right-wing MHP.

    Rowe Price Group Inc (TROW) Receives Underweight Rating from Morgan Stanley

    The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Rowe Price Group accounts for about 3.0% of Kessler Investment Group LLC's portfolio, making the stock its 16th largest position.
    More young Americans are living with their parents

    More young Americans are living with their parents

    As the report concludes: "If one theme describes how adulthood has changed over the last 40 years, it is growing complexity". By 2015, just 40.7 percent of young adults were living independently as single or married adults or with a romantic partner.


Most liked

Stephen Colbert Shreds 'Self-Righteous Landfill Of Angry Garbage' Bill O'Reilly
The New York Times reported on April 1 that Fox and O'Reilly paid five women a total of $13 million to settle harassment claims . Its previous effort died in 2011, a casualty of the phone-hacking scandal at Rupert Murdoch's British newspapers.

Melania gives Donald Trump subtle reminder during national anthem
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.

Rep. Davis Disagrees With Judge's Injunction On Abortion Law
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.

The Reason David Hasselhoff Is Singing The Guardians 2 Theme Song
Knowing that Drax is a savage warrior, I don't think it would be off-character to see him do the Batista bomb on a villain. Gunn didn't say anything about a potential Vol. 4 , but he did hint at a future beyond the third film.

Vital to break down taboo of mental illness: William, Gaga
Heads Together most recently launched a series of films centered around the importance of speaking up about mental health. William said he had learned that "it's really important to have this conversation".

Dems launch pro-Ossoff ad blitz in Georgia
Special elections will hold particular importance for Democrats this year, as Republicans now control both the House and Senate. The runoff victor will succeed Republican Tom Price , who resigned to join Trump's administration as health secretary.

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.

Egypt's Christians bury dead after IS church bombing
It killed 16 people and wounded at least 47 others, according to Sharif Wadih, an aide to the country's health minister. He said women were crying and looking for their loved ones and were yelling at police for "not protecting" them.

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.

USA to review 'failed' Iran nuclear deal
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.

Egypt president announces state of emergency after terror attacks
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.

Anne Hathaway regrets this past misogynistic experience with a film director
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".

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.

Topsy-turvy French election saves biggest surprise for last
US futures pointed to a solid opening on Wall Street with Dow futures and the broader S&P 500 futures both up 0.3 percent. Macron, a former banker who quit as economy minister last August to set up his independent " En Marche! ".

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".