20 January, 2019
The Company expects to add another 8.9 million new subscribers the next year quarter, growing 24.6% year over year. He recommended investors to buy the company's shares on any weakness in its stock price. This is up from the 7.6 million subscribers that the company predicted earlier in the quarter and up 29 million from the beginning of the year.
It forecast first-quarter revenue of $4.49 billion, slightly below analysts' average estimate of $4.61 billion. "FCF burn and the possibility of pricing related churn hitting the 2Q domestic subscribers are a slight concern but ultimately we view int'l sub growth as the main driver of the stock; we reiterate our Buy rating, and raise our PO to $450 from $440 for faster penetration assumptions in our valuation model".
It added an unprecedented 781 hours of US original programming in the United States during the quarter, according to Cowen & Co analysts, including drama series "Narcos: Mexico" and holiday films such as "The Christmas Chronicles".
After Nextflix's forecast of its quarterly revenue for the first quarter of 2019 dipped in comparison to Wall Street's estimates, shares of the company dropped by around 4% on Thursday, in after-hours trading.
Prince Philip's decades of previous collisions remembered by Norfolk locals
Speaking to BBC Radio 4's Today , he said: "I went to the black auto to help and realised it was the Duke of Edinburgh". The BBC reports Prince Philip was behind the wheel as he turned his Range Rover onto the coastal road A149.
Trump will visit Pentagon to talk missile defense
For years, USA missile defenses have focused exclusively on combating threats from rogue nations such as North Korea and Iran . A new strategy says a layer of sensors in space must quickly detect, track and ultimately defeat incoming missiles.
R. Kelly Under Investigation in Georgia Following New Documentary's Abuse Allegations
Foxx said that the relatives of two missing women have contacted her office with concerns about possible contact with Kelly. The Henry County Sheriff's Office said no one by that name has been arrested since the warrant was issued previous year .
The results come just days after Netflix unleashed its biggest price hike ever, which increased its most popular plan from $11 per month to $13.
Although it wasn't the answer she wanted, Morin says she's still satisfied that Netflix is sensitive to the recovery of her citizens, many of whom are suffering post-traumatic stress.
Netflix spent $7.5 billion past year on films and shows and expects to spend more as it commits to producing more original fare versus licensing.
The blitz of original content comes as Disney has stopped supplying new movies to Netflix in order to stock its own streaming service planned for later this year. A host of deep-pocketed competitors are expected to launch streaming services this year, including Apple, Disney and WarnerMedia, the parent company of CNN.
"Strong 4Q & Early 1Q Sub Momentum Confirmed, Offset Modestly by Price Increase", analysts led by Doug Anmuth wrote.
According to Bloomberg data, the average price target for Netflix now stands at $396, up from $384 on Thursday. The company said the Spanish series "Elite" was watched in more than 20 million member households worldwide in its first four weeks, while Turkish show "Protector" was watched in more than 10 million.