Jan 30, 8:06 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Natalie Walters 01/30/19 AT 7:37 PM Netflix (NASDAQ:NFLX) may be in nearly half of the 126 million U.S. households, but it thinks it can do better. The company hit 59 million paying U.S. subscribers last quarter, but it wants to hit up to 90 million domestic subscribers.The problem is that Netflix's growth has slowed in the saturated U.S. market. The people who want to pay a monthly fee for the option to view around 6,000 titles on Netflix's streaming platform have had over 10 years to sign up for the service since its launch date in January 2007. Netflix's U.S. growth slowsNetflix started in 1998 as a DVD-by-mail business and didn't offer a streaming-only subscription plan in the U.S. until November 2010. Two years later, the video streaming trend was still gaining popularity and Netflix's business was strong at 25.3% year-over-year … [Read more...] about Netflix U.S. Growth Is Slowing: Will It Ever Hit Its Goal Of 90 Million Subscribers?
Netflix quarterly report
Sections SEARCH Skip to content Skip to site index Log In Subscribe Log In Today’s Paper Advertisement DealBook Supported by ByPeter Eavis Oct. 16, 2018 the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ More people sitting around watching Netflix may help rekindle some animal spirits in the stock market. The company on Tuesday reported that far more people signed up for its video-streaming service in the third quarter than expected. Netflix’s shares soared as much as 13 percent in the trading that takes place after regular market hours. After the stock market suffered a steep swoon this month, results like that should help stocks recover. Netflix’s report was the first from one of the big technology companies that helped drive the Standard & Poor’s 500-stock index to a record last month. Investors have … [Read more...] about Netflix Keeps Adding Subscribers, and Market Investors Could Profit
Wall Street is expecting big things from Netflix on Tuesday afternoon when it reports its third-quarter results. Analysts are expecting to see sharp rises in both revenue and earnings at the streaming media giant. With the company’s shares largely trading sideways in recent months, investors may have more muted expectations. Here’s what the Street is expecting from the company’s quarterly report: Q3 Revenue: $US4 billion. In the same quarter last year, Netflix pulled in $US2.98 billion in sales. Q3 Earnings per share (GAAP): 68 cents. In last year’s third quarter, it earned 29 cents a share. Revenue, Q4 forecast: $US4.23 billion. In the fourth quarter last year, Netflix saw sales of $US3.29 billion. Earnings per share, Q4 forecast: 50.4 cents. In the same quarter last year, it posted a profit of 41 cents a share. In late afternoon trading, Netflix’s stock was up $US12.22 a share, or 3.67%, to $US345.35. Business Insider will be covering the … [Read more...] about LIVE: Here comes Netflix’s earnings
Netflix will report its third-quarter results after Tuesday’s closing bell. Shares have fallen more than 20% since peaking in June and were punished particularly hard during last Wednesday’s aggressive market sell-off. Investors on Robinhood, a free-trading app popular among younger traders, have been snapping up shares. Several analysts have slashed their price target ahead of the earnings. Watch Netflix trade in real time here. Netflix is set to report its third-quarter earnings after Tuesday’s closing bell, and investors on Robinhood, a no-fee trading app popular among younger traders, are buying the stock’s dip ahead of the results. The streaming-video giant faced a huge selling Wednesday, when the broader market witnessed its heaviest selling in nine months. Among the FAANG stocks, Netflix was the biggest loser on a percentage basis, with shares declining by 8% that day and seeing $US13 billion wiped out from its market value. While shares have … [Read more...] about Millennials are buying the Netflix dip ahead of earnings
By Rex Crum | [email protected] | PUBLISHED: October 12, 2018 at 8:25 am | UPDATED: October 12, 2018 at 8:25 am Fans of the legendary comedic troupe Monty Python’s Flying Circus can now rejoice in that nearly every one of the group’s movies, live performance videos, and all four seasons of the its groundbreaking British TV series, is now streaming on Netflix. Netflix could face its own Spanish Inquisition depending on how the streaming TV giant’s upcoming quarterly results turn out. Netflix is scheduled to deliver its third-quarter results after the stock market closes Tuesday. Wall Street analysts are forecasting Netflix to post a profit of 68 cents a share on revenue of $4 billion, while Netflix has said it expects to earn 68 cents a share on $3.98 billion in sales. During the third quarter of 2017, Netflix earned 29 cents a share on revenue of $2.99 billion. But while earnings and sales growth are nice, what drives those results are Netflix’s … [Read more...] about Netflix: Will results be OK, or cause a Spanish Inquisition?