Netflix shares soar as it announces 6.96m new members
17 October, 2018, 18:45 | Author: Elaine Woods
Shares rallied 14% on the news.
"It was a surprisingly good quarter that caught a lot of the financial community off guard", said Jim Nail, a senior analyst at Forrester Research. "The answer: an aberration, likely the results of a somewhat low volume of new content last quarter".
Netflixrevenue in the quarter increased 34% year-on-year to almost $4bn, while profits more than tripled to $403m.
The Netflix executive highlighted the streaming service's varied content palate, with the addition of new animated adult comedies - Disenchantment, from Matt Groening, creator of The Simpsons and Futurama, and Paradise PD, from the makers of Brickleberry, to complement Big Mouth, Bojack Horseman and F is for Family - and its popular romantic comedies, including To All the Boys I've Loved Before, one of the service's most-viewed original films with strong repeat viewing.
New customers were lured in by returning seasons of "Orange is the New Black" and "Marvel's Luke Cage", as well as new shows such as "Ozark" and "Maniac", the limited series starring Emma Stone and Jonah Hill, Netflix said.
While investors focus on subscriber growth, Netflix has been trying to get them to pay more attention to another metric - average subscription prices. The company also added 6.96 million new subscribers, handily beating analysts' expectations.
Venom bites head off October box office record
However, the role also came with a bit of pressure, especially because Shangela said Gaga "handpicked" her to be in the film. However, on Metacritic, Venom has a 5.8 user score, way below than the 9.2 user score for Lady Gaga's 'A Star Is Born '.
There was the head of Interpol: under investigation in China
China has not commented officially on Meng's disappearance and there was no mention of him in official media on Saturday. There was no further word on Meng's schedule in China or what prompted his wife to wait until now to report his absence.
Better-than-expected growth in the third quarter will keep that narrative alive, while another miss will probably prompt a major sell-off. Analysts were expecting 7.7 million - 1.6 million in the United States and 6.1 million internationally, according to Instinet. In overseas markets, which now accounts for 57% of Netflix' total subscription base, Netflix saw 5.8 million net new subscribers, above the 4.5 million estimate. "Quotas, regardless of market size, can negatively impact both the customer experience and creativity", Hastings said.
Earnings per share: $0.89. Netflix added 5.15 million subscribers in the second quarter of 2018, missing management's original forecast for 6.2 million.
Netflix expects to burn through more than $3 billion in cash this year and in 2019.
It has been borrowing heavily to fund its rapid growth, issuing $7.5bn of bonds in less than three years - a strategy that could become more costly in a rising interest environment. But the recent tech selloffs left and right have done nothing to boost investor confidence and Netflix stock could be set to take another hit.
At the same time, Netflix faces competition from deep-pocketed companies such as Amazon and new streaming services from Walt Disney Co and AT&T Inc that are expected late next year.
This is a true tease, showing just a brief look at Massoud grabbing the lamp and a few shots of the movie's Arabian setting. Mena Massoud/Aladdin, Naomi Scott/Princess Jasmine, Marwan Kenzari/Jafar, and I'm over here gettin my Genie on.
Mrs Trump plans to visit children at an orphanage and take in a children's performance later at Nairobi National Theatre. The first lady also caught flak for her outfit on Friday, which critics said made her look like a colonial conqueror .
Saunders of GlobalData Retail spared no criticism of Sears in his analyst note, listing failing after failing of the company. The Sears catalogUE eventually sold products ranging from hardware and automobiles to kits for building an entire house.
The statement issued via the State-run press agency on Sunday also warned the kingdom would respond to any steps taken against it. "We would be very upset and angry if that were the case", he said of Saudi Arabia being responsible.
The US national guard has reached the town, dubbed "ground zero", and found 20 people who survived a direct hit from Michael. Thousands of homes and businesses were blown apart as Michael cut its swath across the Florida Panhandle and into Georgia.
Visit the Foundation's www.anychanges.co.nz site for more information about signs of breast cancer and how to check your breasts. Each day one in eight Australian women are diagnosed with breast cancer, and 75 per cent of those are over the age of 50.
Prime Minister Benjamin Netanyahu has no doubts that the perpetrators of the attack "will be caught and put to justice". The settlements are considered illegal under global law, though Israel disputes this.
Alabama and Georgia - along with waterlogged North and SC - remain very much in the path of this system over the coming week. As Eastern North Carolina continues to recover from Hurricane Florence , there's another storm to watch.
German train station shut down after woman taken hostage
Cologne police said they have closed parts of the western German city's main train station because of a hostage situation. Ambulances and heavily-armed police were lined up behind the train station, the daily Koelner Stadt-Anzeiger reported.
Ariana Grande, Pete Davidson reportedly call it quits
The pair has been inseparable since they got engaged in May after Davidson, 24, lavished the singer with a $100,000 diamond ring. "I have no wish", Grande wrote on a photo of Davidson on her Instagram Story on June 25, the night before her 25th birthday.
Here's how to stop the malicious message from bricking your PS4
Multiple Reddit posts report a new frustrating PlayStation Network bug that can essentially temporarily break your PS4's firmware. Another suggestion involves running a factory reset on your console, though you may want to look at that as a last resort.
Aaron Ramsey: 'I won't leave Arsenal in January'
If that doesn't happen and Ramsey continues to not perform well then Arsenal might lose one of its stars in summer. Arsenal manager Unai Emery said recently that Ramsey's contract situation would not affect his performances.
Google shuts down Google
News of the bug sent shares of Google's parent company, Alphabet , down as much as 2.2 percent to $1,142.43 on Monday afternoon. Google Chief Executive Sundar Pichai knew of the glitch and the decision not to publicly disclose it, the WSJ reported .
Southampton can upset Chelsea, says Mark Hughes
I just need to keep winning games. "Maybe tomorrow it's time to see Loftus-Cheek, I think", the Italian manager added. But with Chelsea hoping to do well in all competitions this season, Fabregas can have a key role.