Digital Video Forums  

Go Back   Digital Video Forums > General > Latest News

LinkBack Thread Tools Search this Thread Rate Thread Display Modes
Old 17 Oct 2018, 02:47 PM   #1
admin's Avatar
Join Date: Nov 2001
Posts: 8,633
Default Netflix Q3 Results Tops Expectation, Stock Prices Surge

Netflix brushed off recent share price wobbles with a strong Q3 result that topped the company's own forecasts.

Netflix reported adding 6.96 million new subscribers in Q3, including 1.09 million coming from the U.S, beating the company's own projection of 5 million, and market analyst consensus of 5.32 million.

Revenue wise, Netflix generated $403 million in net income on revenue of nearly $4 billion in the third quarter, up from $130 million on $3 billion in the same quarter least year.

Netflix is still investing heavily in content, with third-party streaming content obligations topping $18.6 billion this year so far, with free cash flow expected to be negative-$3 billion for 2018.

Netflix missed its Q2 forecasts, which saw shares tumble. Shares took a further dive earlier in the month on concerns regarding the company's long term earnings. However, the better than expected Q3 results helped the company's share surge in after-hours trading, with shares surging almost 15% before dropping back down to record an 11% rise.

Netflix is forecasting a good set of Q4 results, with 9.4 million new members being added.

Netflix CEO Reed Hastings was thrilled with the result.

"Our broad slate of original programming helped drive a solid quarter of growth," wrote Reed Hastings in a letter to shareholders. "We're thrilled to be growing Internet entertainment across the globe."

[via Media Play News, MarketWatch]
Visit Digital Digest and, My Blog
admin is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Netflix Starting to Worry about Popcorn Time, the so Called 'Netflix for Pirates" admin Latest News 0 24 Jan 2015 12:54 PM
Net Neutrality Ruling Sends Netflix Stock Down admin Latest News 0 17 Jan 2014 08:19 PM
Netflix raises prices/changes plans rago88 Latest News 6 15 Jul 2011 01:06 AM
Netflix: Higher prices for high-def a possibility admin Latest News 0 8 Feb 2008 11:59 AM
Do you use a Surge Protector for your PC? LT. Columbo General Computing 67 5 Jun 2006 08:37 PM

All times are GMT +10. The time now is 11:50 PM.

Kirsch designed by Andrew & Austin

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright © 1999 - 2018 Digital Digest

Visit DivXLand   Visit