Netflix Posts Earnings, Profit, For First Quarter

Netflix Posts Earnings, Profit, For First Quarter

Even in the face of adversity, Netfilx came into April with some very good news. According to the street, Netflix’s NFLX stock rose by an impressive 12.78% to $563.22 per share. This was good news to Netflix which missed earning goals for its first quarter.

NFLX posted that the negative impact was brought about by the trouble currency. NFLX first quarter shares posted a 38 cents earning per share, far off from the estimated 69 cents earning per share which was indicated by analysts. That said Netflix gained revenue of 1.38 billion which was predicted for Netflix by several analysts.

Netflix also reported that they have added over 4 million new subscribers worldwide, with almost half of all the new subscribers coming from the U.S. It is also estimated that Netflix will add an additional 1.8million subscribers from the U.S. As at now Netflix has over 44 million active subscribers in over 40 countries.
Netflix’s stock was listed as a hold stock by Street due to the fact that it has posted mix numbers.

According to the street, “The company’s strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation, weak operating cash flow and generally higher debt management risk.”

As for Netflix’s growth, Bostinno is reporting that new in-house content has played a major role.
“We think strong US growth benefited from our ever-improving content, including the launch of the third season of House of Cards and new shows Unbreakable Kimmy Schmidt and Bloodline. In addition, retention continued to improve due to the growing value of our service overall.”

 

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