Netflix on the verge of hitting 100 million subscribers

20 April 2017, 09:26 | Andres Norman

Netflix on the verge of hitting 100 million subscribers

Netflix on the verge of hitting 100 million subscribers

As part of its first-quarter earnings report Monday, Netflix responded to investor questions about Amazon's purchase of streaming rights for National Football League games next season.

In North America, key releases this past quarter included A Series of Unfortunate Events, a dark comedy, Santa Clarita Diet, a "zom-com" starring Drew Barrymore, and Ultimate Beastmaster, Netflix's first competition show that pits athletes from around the globe against a fearsome 600-foot obstacle course. The actual figure came in at 4.95 million additional subscribers.

Up to Monday's close, Netflix's stock had risen almost 19 percent in 2017, outperforming the roughly 5 percent gain in the broader S&P 500 index .SPX . They had gained 15 percent this year through April 13.

Around 51 million of Netflix's users are from the U.S. By the end of 2017, Piper Jaffray analyst Michael Olson anticipates the bulk of the company's subscribers to be from outside the nation.

Netflix subscriber base was set to exceed 100 million global subscribers soon. HBO has 134 million subscribers worldwide, including viewers paying for an internet-only version of the channel that was inspired by Netflix's success.

The company described the opportunity for its service as "gigantic" and said it planned to continue investing in films and shows tailored to win fans in countries around the world.

In the wake of a series of genre-busting content and platform deals that have blurred the lines between broadcasters and subscription video-on-demand (SVOD) providers, Netflix flatly rejected the possibility of live sports programming on its platform.

The company could turn the tide in the second quarter, typically one of its weakest.

H-1B visa: Donald Trump signs 'buy American, hire American' order
Trump signed the order called "Buy American, Hire American" during his Tuesday visit at an American company in the state of Wisconsin.

United States prepared to 'do more' in Syria, says Nikki Haley
McMaster pointed to dual USA goals of defeating the Islamic State group and removing Assad. In his first televised interview, H.R.

OnePlus 5 Tipped to Sport 8GB of RAM, Snapdragon 835 SoC
Regardless of what it is being called, the upcoming OnePlus flagship is easily one of the most anticipated phones in 2017. The report further states that OnePlus 5 would feature a 5.5-inch Quad HD display with 2560 x 1440 resolution.

ReThink Technology Solutions estimates the current SVOD market in Europe to be ~$5.0 billion.

The heavy second-quarter schedule comes with costs and highlights a dilemma.

The author does not own Netflix shares.

Netflix spoke about how this fall could be blamed on the fact that it's made the decision to move some of its most popular shows to the second quarter of the year.

Netflix missed its subscriber targets for the first three months of 2017 but is still set to reach the 100 million customers mark over the next week. Netflix guided to Q2 revenue of $2.755 billion slightly above Baird's $2.72 billion estimate, with EPS of $0.15 below the firm's $0.21 estimate and consensus.

Netflix says it plans to operate with about $2 billion in negative cash flow this year to aggressively grow its original content slate. Netflix said it will spend more than $1 billion this year to "drive member acquisition".

Netflix growth was slower than expected in the first 3 months of this year.



Other News

Trending Now

U.S. justices lean towards church in key religious rights case
The state, however, denied the application despite having a program that provides funding for this objective . Three-quarters of the US states have provisions similar to Missouri's barring funding for religious entities.

Patriots Reportedly Sign James White To 3-Year Extension
The Browns want Garoppolo, and they have both the No. 1 and No. 12 picks in the draft. The move marks the Patriots' third major running back signing of the 2017 offseason.

PlayStation 4 consoles may attract roaches, repairmen say
Most consoles lie horizontally in dark or enclosed areas, like media centres, so they're pretty welcoming to the little critters. Then, they will take the console apart, sterilize it with an ultrasonic cleaner , and put it back together.

Google Earth gets revival with tools for exploration
You're invited to step inside a Peruvian chuclla , a Bedouin tent and a Greenlandic IIoq , and meet the people who live there. That info is usually provided on Google's Knowledge Cards , which you'll be familiar with if you've ever used Maps.

Android 7.1.1 Nougat update reportedly rolling out to Nokia 6
The Android 7.1.1 Nougat update will be coming along with the April security patch, which was just recently launched by Google. HMD Global may be planning to bring in some Nokia smartphones later this year, specifically by the end of the second quarter.

President Trump signs bill allowing states to withhold Planned Parenthood funds
Eskamani said they're Collier County's family provider, allowing more than 1,900 low-income patients to get preventative care. Taxpayers should not be forced to fund abortion, plain and simple", House Speaker Paul Ryan said in a statement Thursday.

The world's oldest person has died at 117
Marchionini, the mayor of Verbania, told the Italian news agency AGI that her city has more than 20 people aged over 100. Morano famously attributed her long life, in part, to staying single after ending a bad marriage in her late 30s.

Quadruple murder on Long Island linked to MS-13 gang
Investigators are considering the possibility that the men were killed by members of the notorious MS-13 gang. The bodies of four men were found in a Central Islip park, Suffolk County Police said on Thursday morning.

Trump reverses himself on NATO, China, Russia and more
At least for this week, Trump doesn't seem to be getting his views on the world in between stories of lizard men from Alex Jones. And the only thing Beijing might think was worse, she said, would be a unified and US-allied Korean Peninsula on the border.

CA affirms Pemberton's conviction for killing of Filipino transgender
The CA agreed with the trial court that Pemberton's detention at Camp Aguinaldo should be credited to his jail time. The two met in a bar in October 2014 and went to a motel near a former U.S. naval base north of the capital Manila.