Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 1,137

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Nov 11 3:59 PM EST

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From: Glenn Petersen	1/22/2018 4:32:24 PM
	1 Recommendation Recommended By Zen Dollar Round of 2280

Netflix Blasts Past Q4 Subscriber-Growth Expectations, Shares Soar to All-Time High By Todd Spangler @xpangler Variety January 22, 2018 Netfli x reeled in 8.3 million new streaming subscribers — including almost 2 million in the U.S. — handily beating Wall Street estimates for the fourth quarter of 2017. The results pushed shares of the company up as much as 9% in after-hours trading. That came after Netflix shares closed up 3.2% Monday at $227.58 per share — an all-time high closing price for the stock — prior to the release of the Q4 results. For Q4, Netflix added 1.98 million U.S. streaming subs and 6.36 million overseas. That was well above the Wall Street forecasts of net adds of 1.28 million streaming subscribers in the U.S. and 5.02 million internationally (roughly in line with Netflix’s previous guidance). “We had a beautiful Q4, completing a great year as internet TV expands globally,” company execs said in their quarterly letter to shareholders. Netflix’s fourth-quarter 2017 revenue of $3.29 billion and earnings of 41 cents per share were in line with analyst expectations. The boost in total subscribers came even as Netflix instituted broad price increases in Q4, including in the U.S. For all American customers, the standard two-stream plan increased from $9.99 to $10.99 per month during the quarter. As a result of the price hike, Netflix’s global streaming revenue grew 35% in Q4 compared with the year-earlier quarter, faster than the 25% growth in average paid streaming memberships. Netflix originals that debuted in Q4 included “Bright,” the big-budget action flick starring Will Smith. The film was a dud with most critics but drew a healthy 11 million U.S. viewers in the first three days of its Dec. 22 release, Nielsen estimated. Netflix announced plans for a “Bright” sequel this month. variety.com Sponsored Stories

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