Last Updated Oct 16, 2018 7:27 PM EDT Talk about giving the audience what it wants.Netlix shares surged more than 11 percent after the online TV service reported crowd-pleasing quarterly results after the market closed on Tuesday. It added 6.96 million new subscribers, exceeding expectations and coming in particular relief after the company disappointed during its previous quarter. The latest additions bring to 137.1 million Netflix's global subscription tally. Netflix reported 1.09 million domestic subscriber additions, surpassing estimates of 673,800. And it brought in 5.87 million international subscribers, topping the 4.46 million estimate. "We'll take it at a million at a time," CEO Reed Hastings told a post-earnings interview of subscriber growth in India, which Netflix declines to break out, citing competitive factors.Netflix also reported revenue of $4 billion, in line with consensus estimates, and it issued an optimistic forecast for the current three months. This … [Read more...] about Netflix stock price jumps on 7 million new subscribers
SAN FRANCISCO -- Netflix regained its stride with surprisingly strong subscriber growth in the third quarter, after an unexpected springtime stumble triggered fears that it was losing its allure. The video-streaming service added 7 million subscribers worldwide from July through September, far above the company's target of 5 million and exceeding analyst projections. Netflix fell well shy of its subscriber goals for the April-to-June period, raising fears that fiercer competition from Amazon, Hulu, HBO and other streaming services was siphoning away viewers.In a show of confidence, Netflix predicted it will pick up another 9.4 million subscribers during the current quarter ending in December - traditionally one of the company's busiest times because of all the subscriptions given as holiday gifts. Even so, the forecast calls for 1.1 million more subscribers than Netflix gained in the same period last year.Netflix ended September with 137 million worldwide subscribers, including … [Read more...] about Netflix’s 3Q subscriber growth gets rave reviews on Wall St.
2 Comments By Shalini Ramachandran and Shalini Ramachandran The Wall Street Journal BiographyShalini Ramachandran @shalini Google+ [email protected] Micah Maidenberg Micah Maidenberg The Wall Street Journal BiographyMicah Maidenberg @MicahMaidenberg [email protected] Updated Oct. 16, 2018 4:55 p.m. ET Netflix Inc. NFLX 3.98% exceeded expectations for adding new subscribers during the third quarter, reporting strong user growth in international markets as it continues to invest heavily in its global programming offerings. Shares of Netflix gained more than 11% in after-hours trading on the robust subscriber growth, after closing at $346.40, up 4% amid a broader market rally Tuesday. Maintaining a fast clip of subscriber additions is key to Netflix’s ability to cover its rapidly growing content costs. Netflix has said it expects to book content expenses of up to $8 billion this year. Analysts estimate it will spend up to $4 billion more on … [Read more...] about Netflix Reports Strong Growth in New Subscribers
Streaming giant beats analyst subscriber projections by 2 million new customers Sean Burch, provided by Published 1:10 pm PDT, Tuesday, October 16, 2018 Image 1 of / 1 Caption Close Image 1 of 1 Netflix Smashes Q3 Earnings and Subscriber Projections, Stock Soars 14 Percent 1 / 1 Back to Gallery Netflix surged past Wall Street subscriber projections when it posted its third-quarter earnings on Tuesday, sending its stock back towards $400 per share in the process. The streaming giant posted $3.99 billion in revenue, matching analyst projections, while its earnings of 89 cents per share trumped analyst expectations of 68 cents per share. Revenue increased 34 percent year over year. Read the full article on The Wrap … [Read more...] about Netflix Smashes Q3 Earnings and Subscriber Projections, Stock Soars 14 Percent
Business 16 October 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-45881963 Read more about sharing. These are external links and will open in a new window Close share panel Netflix added nearly seven million new customers in the three months to September, bringing its total to more than 137 million members … [Read more...] about Netflix adds more subscribers than thought