Netflix Growth Slows Due To Content Delays

Netflix Growth Slows Due To Content Delays

Netflix Growth Slows Due To Content Delays

Fast forward to today and Netflix is on the verge of servicing more than 100 million streaming subscribers-it should hit (and exceed) the 100 million mark by the end of the second quarter.

Netflix may know something the rest of the world doesn't in terms of its second quarter, but if 100 million subscribers is in the cards for this weekend, it certainly looks like the SVOD will move ahead of its projections.

The streaming giant had forecast an addition of 5.2 million new subscribers from January through March 2017, compared with 6.74 million added during those three months a year ago.

Los Gatos, the company in California has a current market value as $US63 billion.

Previously the company had projected net gains of 1.5 million in the USA and 3.7 million internationally.

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.

In addition, the company reported it had added 4.95 million new subscribers, lower than its own expectations for 5.2 million subscriber additions and consensus expectations of 5.3 million net added subscribers.

The company also posted $2.64 billion in revenue - which met estimates and is up 34 percent from last year - and diluted earnings per share of $0.40, which beat estimates and is up from $0.06 last year.

Netflix stock was up more than 1% in after hours trading Monday. Netflix said it will spend more than $1 billion this year to "drive member acquisition". Its revenue of $2.64 billion in the first quarter remains flat with $2.64 billion. HBO takes pride in having 134 million subscribers at the global level, covering viewers paying for an internet-only variant of the channel that was sparked by Netflix's success.

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

Revenues: $2.64 billion, slightly below the firm's estimate of $2.65 billion, but in line with the consensus.

Subscriber additions came in just below guidance. "We are making good strides in improving our content offering to match local tastes in Asia, Middle East and Africa, but have much progress to make, like in Latin America a few years ago".

Netflix says the opportunity ahead remains "gigantic" despite a slowdown in subscriber numbers, including global markets.

Recommended News

  • Turkey's election board rejects appeals to annul referendum

    Those protests were sparked by plans to uproot trees in Istanbul's Gezi Park to build a shopping mall. The prime minister then called on the main opposition party to be accountable for their actions.

    Putin backing `evil person´ in Syria´s Assad, says Trump

    That's why I supported last week's limited action against the airfield from which Assad's air force launched the chemical attack. He said that he will speak with Tillerson in a little while and hoped that they have very successful discussion.
    Trump Orders Probe Into Whether Steel Imports Harming US

    Trump Orders Probe Into Whether Steel Imports Harming US

    News of the move triggered a rally for steel stocks, including Steel Dynamics Inc, AK Steel, U.S. Ross said under the statute, the investigation needs to be completed within 270 days.
  • Sonu insulted Constitution; should leave India: Cleric

    Sonu insulted Constitution; should leave India: Cleric

    The bounty was widely criticised and ridiculed, especially after Nigam got his head shaved and challenged Quaderi to pay up. He stopped speaking as soon as azaan was heard from a nearby mosque and waited till it got over.

    USA accuses Iran of 'alarming ongoing provocations'

    But Rex Tillerson has come pretty close to saying the agreement is not worth keeping, even though he's had to admit it's working. He also said that the Trump administration launched a review of its policy toward Tehran.

    Moving Stocks: Gilead Sciences Inc. (GILD), Sabre Corporation (SABR)

    Following the transaction, the insider now directly owns 247,163 shares in the company, valued at approximately $6,324,901.17. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.04.
  • SL Green (SLG) Q4 FFO Meets Estimates, Revenues Decline

    Tiaa Cref Invest Mngmt Limited Liability Corporation reported 0.01% of its portfolio in CoreSite Realty Corp (NYSE:COR). Further, in March, the company inked a deal to sell 90% interest in 102 Greene Street for net proceeds of $38 million.
    Nat Geo has the bright idea to renew Genius

    Nat Geo has the bright idea to renew Genius

    Season two will chronicle the life of another renowned mastermind and tell the untold narrative of the person behind the genius . It is unclear whether National Geographic will address this contentious issue, but if it does, a biased perspective is likely.
    Saints Row 2 Free for Limited Time Thanks to GOG

    Saints Row 2 Free for Limited Time Thanks to GOG

    Deep Silver is now doing a giveaway of Volition's GTA-like open-world action game, Saints Row 2, for a period of 48 hours. Saints Row IV and Saints Row: Gat Out of Hell are also on sale at the site for $4.99 and $3.74, respectively.
  • Patriots curiously fight with NY Times over Trump crowd size

    Seating staffers on the lawn, instead of posing them on the stairs, made the turnout discrepancy appear larger than it was. Some players reportedly declined to attend the White House ceremony because they didn't want to be seen with Trump.

    Russian crew blasts off for space station with one empty seat

    Roscosmos has reported that two of four Soyuz spacecraft crews will comprise two instead of three members in 2017. The two American astronauts are scheduled to speak with President Donald Trump on Monday.
    Judge Blocks Rules That Forced Closure of Abortion Clinics in Missouri

    Judge Blocks Rules That Forced Closure of Abortion Clinics in Missouri

    Republican State Attorney General Josh Hawley, who'd praised the restrictions, vowed to appeal the ruling. Planned Parenthood affiliates with health centers in Missouri sought the preliminary injunction.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.