Netflix Could Crest 100 Million Streaming Subscriber Mark This Weekend

Netflix's

Netflix's"Stranger Things Netflix

We expect to cross the 100 million member mark this weekend. (NFLX - Free Report), which just released its first-quarter earnings results after the closing bell.

"What did it for Netflix was the explosion of phones and tablets that allowed people to watch video everywhere", said Wedbush Securities analyst Michael Pachter. "But Netflix clearly had a vision before those devices became so ubiquitous".

"The opportunity provided to us by the growth of the global internet is huge and our plan is to keep investing as we increase membership, revenue and operating margins", Netflix CEO Reed Hastings wrote in the quarterly shareholders letter.

Netflix expects to add another 3.2 million subscribers and push its total to 101.95 million during the second quarter, but that could prove to be a conservative figure if current growth trends continue for the company.

The streaming firm had 98.75 million subscribers at the end of the first quarter. The company also said that it plans to spend another $1 Billion this year over marketing.

Criterion Collection had chose to start its own streaming company with Turner Classic Movies, Filmstruck. Because of this change in timing, Netflix guided for strong subscriber adds in the second quarter, including 850,000 domestic adds and 2.8 million global adds, both of which were higher than Graham's previous estimate.

What Do Analysts Say About Novavax, Inc. (NVAX)
It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. The average 12-month price objective among analysts that have updated their coverage on the stock in the past year is $5.61.

While touting the milestone on an earnings call Monday, Netflix CEO Reed Hastings stressed that services like YouTube and Facebook (FB, Tech30) each have a billion or more users.

Netflix's subscriber growth shows no sign of slowing, with nearly half its customers coming from outside the U.S.

Progress toward that ambitious goal has helped drive the company's stock price progressively higher over the past five years. Other cable channels are also offering internet-only options as more viewers avoid other traditional TV packages and get a subscription for streaming services.

That doesn't cover the entirety of the negative FCF - with other portions categorized as pertaining to "small and growing operating margins" - but it does make up a significant portion of the negative flow.

Netflix announced past year that it was going to invest $6 billion into developing original series and movies with the goal to make about 50 percent of its content original. In the same period a year ago, the company reported EPS of $0.06 on revenues of $1.96 billion.

Sacred Games, a Netflix original series in India, was also used an example of an global show Netflix is producing that is Hollywood-level quality.

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