Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 1,138

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10:37 AM EST

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From: FJB	4/17/2018 9:40:14 AM
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With record subscriptions, Netflix earnings trigger stock rally APRIL 16, 2018 Continuing its aggressive market share expansion, video-on-demand service provider Netflix (NFLX) Monday reported better than expected subscriber growth and earnings for the first quarter. Streaming revenues climbed 43% to a record high, surpassing analysts’ forecast. The upbeat results triggered a rally, and the stock gained significantly. In the first quarter, total membership surged 26% annually to an all-time high of 125 million, and global net subscriber additions jumped 50% to 7.41 million helped by continued strong acquisition trends. At $0.64 per share, first-quarter earnings were 60% higher compared to last year. Meanwhile, earnings were negatively impacted by a non-cash unrealized loss from forex re-measurement on Eurobond. Total revenues jumped 40% to $3.7 billion during the quarter. ... news.alphastreet.com

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