Arts&Culture

Netflix shares flirt with new highs after strong subscriber outlook

Netflix shares flirt with new highs after strong subscriber outlook

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 worldwide adds, both of which were higher than Graham's previous estimate.

Netflix shares were trading at $149.31, up 1.4 percent, at 7:30 p.m. - after adding 3 percent, to $147.25, in regular trading.

The Netflix website and logo are displayed on laptop computers.

The streaming video company pushed back the next season of its smash-hit "House of Cards", and other programing to the second quarter, meaning it lured in fewer new subscribers in the first quarter than expected, but will likely make it up from April through June.

Over the past decade, "what really did it for Netflix was the explosion of phones and tablets that allowed people to watch video everywhere", said Wedbush Securities analyst Michael Pachter. "We are super excited".

Revenues: $2.64 billion, slightly below the firm's estimate of $2.65 billion, but in line with the consensus.

Russia Relations At All-Time Low
The United States is "not getting along with Russian Federation at all", Trump said at a press conference at the White House. Secretary Tillerson told President Putin peace can not happen in Syria while Assad is still in power.

Chief executive, Reed Hastings, said: "We have come to see these quarterly variances as mostly noise in the long-term growth trend and adoption of internet TV". Giving HBO as an example, Hastings said even as Netflix has grown, HBO hasn't seen a decline in its paying userbase. "We definitely have YouTube envy". He further stated entertainment is more about winning fans with content and it isn't a zero-sum game.

Unlike rival Amazon (AMZN, Tech30), there is at least one category Netflix plans to steer clear of: football.

Its continued subscriber growth follows a decision to launch in almost every country in the world and invest heavily in original content to lure customers.

The prediction comes as the service made public it's Q1 2017 results, reporting an added 1.42 million subscribers in the US, with an additional 3.53 million in the rest of the world. "The opportunity provided to us by the growth of the global internet is very big and our plan is to keep investing as we increase membership, revenue and operating margins".

"With a growing member base spread across the world, we seek to please diverse tastes with a wide breadth of content", Netflix said. The firm has a market capitalization of $60.15 billion, a price-to-earnings ratio of 325.02 and a beta of 1.27.


  • Game Of Thrones season 7 first look pics revealed

    Game Of Thrones season 7 first look pics revealed

    It became Lord Stannis Baratheon's home after Robert's Rebellion, also known as the War of the Usurper. If I had to guess, I'd say they've landed at Dragonstone.
    Oracle to Acquire Digital Measurement Firm Moat

    Oracle to Acquire Digital Measurement Firm Moat

    The deal was signed on April 18, 2017 and its financial terms have not been disclosed. Oracle shares closed 0.52 percent higher on Tuesday's regular trading session.
    Katherine Heigl says daughters 'fawn' over son Joshua

    Katherine Heigl says daughters 'fawn' over son Joshua

    Heigl shares her children with husband Josh Kelley, and also has a teenage niece who lives with her full time. According to the former Doubt star, she and her husband go out of their way to embarrass their little ones.
  • 1 officer shot, killed, another injured in Paris, reports say

    1 officer shot, killed, another injured in Paris, reports say

    President Donald Trump offered condolences to the people of France during a joint news conference with the Italian prime minister. The shooting comes three days before French general elections and Paris was already in a state of heightened alert.

    Fulton Financial posts 13.4% increase in Q1 net profits

    Shares of Hanmi Financial Corp closed the previous trading session at 28.20 down -0.50 -1.74% with 173,131 shares trading hands. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
    Rudy Gobert still questionable to return versus LA

    Rudy Gobert still questionable to return versus LA

    Prior to Johnson's heroics, Clippers guard Chris Paul tied the score at 95 with a floater with 18 seconds remaining on the clock. Rivers sat behind the Clippers' bench during Game 1 against the Utah Jazz in a navy suit.
  • Sensational Isco spares Real Madrid's blushes against Sporting

    Sensational Isco spares Real Madrid's blushes against Sporting

    We at The Hard Tackle take a closer look at some of the significant talking points to emerge from the result . After the match Isco once again told the press that he's happy in Madrid and he wants to stay at the club.
    Bill O'Reilly loses job at Fox News amid harassment allegations

    Bill O'Reilly loses job at Fox News amid harassment allegations

    In a memo to Fox staff, the Murdochs said the decision followed an extensive review done in collaboration with an outside counsel. But O'Reilly's program showed that a single compelling host with a consistent approach could draw a loyal and large audience.

    Tillerson: Iran nuclear agreement fails to ensure non-nuclear Iran

    Tillerson, during the press briefing, had also described Tehran as a "leading state sponsor of terror". It was the first such notification under U.S.
  • VERDICT OUT: Supreme Court orders PM to face JIT in Panamagate case

    Sharif was first accused of corruption after three of his children were linked to offshore accounts uncovered by the 2015 Panama Papers leak.
    Luis Enrique haunted by first half of Juventus, Barcelona first leg

    Luis Enrique haunted by first half of Juventus, Barcelona first leg

    We must have had 13, 14 shots and none on target, which is where you do damage. In a competition like this you pay for that. Now there are another two steps to go.

    Financial Review of Palatin Technologies, Inc. (AMEX:PTN)

    Palatin Technologies Inc. shares increased 34.43 percent over the past week and rose 23.87 percent over the previous month. Looking about the past performance history, the company jumped 20.37% in past week and climbed 7.34% in one month.