Netflix could surpass 100 million subscribers by the end of this week

Netflix could surpass 100 million subscribers by the end of this week

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. The firm earned $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion.

Netflix said it still expected to add 8.15 million new members in total for the first half of the year, just below the 8.42 it added in the first half of last year. 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.

Customer numbers outside of the U.S. hit 47.9 million but growth slowed to 3.5 million net additions, down from 5.1 million in the previous quarter.

Moving the release of House of Cards season 5 to the second quarter has affected Netflix subscriber numbers in Q1. While Wall Street estimated to add 364,000 in the US and 2 million internationally.

Sequentially U.S. subscription additions of 1.42 million was far below fourth-quarter additions of 1.93 million and even further below additions of 2.23 million in the first quarter of a year ago.

Xiaomi launches flagship Mi 6 smartphone in China
Xiaomi Mi 6 64 GB variant has been priced at CNY 2,499 ( Rs 23,500 approx) and 128GB at CNY 2,899 (Rs 27,000 approx). The main camera will sport an f/1.8 lens while the secondary one at the rear will feature an f/2.6 zoom lens.

The stock fell 3.47 percent to $142.15, losing momentum after touching a record high in extended trade on Monday following its results, the first March-quarter report from a major US technology company.

Breaking that total down, the OTT video market leader picked up 1.42 million subscribers in the USA and the other 3.53 million customers internationally, raising its totals in those regions to 50.85 million and 47.89 million, respectively. The net profit is estimated at Dollars 66 million, with the operating margin at 4.4 percent.

The company described the opportunity provided by the growth of the global internet is "gigantic" and said it plans to keep investing as it increases membership, revenue and operating margins.

As it is, Netflix expects to spend about $6 billion on programming this year.

"We have high satisfaction and are rapidly growing in Latin America, Europe and North America", the company said in its letter to shareholders. "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".

Related Articles

  • April's giraffe calf height, weight revealed

    April's giraffe calf height, weight revealed

    A Farmington, New Hampshire, songwriter even posted a music video on YouTube called, " I'm Going Crazy Waiting (For A Giraffe )". According to the Associated Press , a live stream of April's enclosure has been streaming since February.

    Giant's Posey placed on concussion DL

    Cain (1-0) overcame a shaky start after allowing a run in the first inning and retired 10 of 11 during one stretch. Denard Span had two hits and drove in the go-ahead run in the fifth off Diamondbacks starter Shelby Miller (1-1).

    Ascent Resources Plc (AST) Rating Reiterated by Northland Securities

    After $-0.11 actual EPS reported by Ardmore Shipping Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Morgan Dempsey Capital Management Llc holds 3.45% of its portfolio in MSA Safety Incorporated for 173,439 shares.
  • Tianjin Quanjian still interested in signing Diego Costa

    Tianjin Quanjian still interested in signing Diego Costa

    Tianjin are reportedly ready to make Costa the best-paid player in the world, with a contract worth £650,000 a week after tax. Do YOU want to write for GiveMeSport?

    Boudreau: 'We were friggin' good' in Game 3

    They know how long it's been and when they don't win, or we don't succeed, all of us would want a different outcome at this stage. Louis Blues meet Wednesday in game four of the first round of the National Hockey League playoffs at the Scottrade Center.

    White Sox end Yankees' 8-game winning streak

    More and more, it looked like the Mariners were about to be no-hit for the first time since Philip Humber's flawless game in 2012. The Japanese right-hander found his form while working into the seventh inning after struggling in his previous two starts.
  • Watch NBA Game 2 Online, Team News

    Neither side was impressive after the All-Star break, but both sides have All-Star talent and ample perimeter depth. The point here is that I am not sure if Atlanta has shown enough consistency to make a deep run in the playoffs.
    See Alien: Covenant's Neomorph in New Photos from the Film

    See Alien: Covenant's Neomorph in New Photos from the Film

    Alien: Covenant is set for release on May 19th and is penned by Michael Green, Jack Paglen and John Logan. Check out the the new photos from Alien: Covenant below.
    Bayern blasts referee after Champions League loss to Madrid

    Bayern blasts referee after Champions League loss to Madrid

    Vidal said: "It is very tough when they steal a game from you like that - two goals offside and me wrongly sent off". Much like the first leg, Madrid weathered the early storm and had plenty of chances to go in front before half time.
  • Rockets vs. Thunder first-round playoff preview

    He is the second player in National Basketball Association history to average a triple-double over the course of an entire season. If Harden doesn't get Roberson into foul trouble early, he risks having to deal with the quick reactions and length all night.
    Prison Officials Didn't Believe That Aaron Hernandez Was Suicidal

    Prison Officials Didn't Believe That Aaron Hernandez Was Suicidal

    This is where things could conceivably get complicated for the National Football League , the Patriots, and Hernandez's family. He was found not guilty last week in the 2012 double murder of Daniel de Abreu and Safiro Furtado.

    Dortmund: police held team bus for 20 minutes before game

    The midfielder won't be playing Wednesday either, when Monaco host Borussia Dortmund in their Champions League quarterfinal. Only Barcelona and Bayern Munich (4) have been awarded more penalties than Monaco (3) in this season's Champions League .