Netflix shares leap after subscriber surge

17 Octobre, 2018, 09:51 | Auteur: Christine Menetries
  • Nikkei 225 futures

Netflix shares soared after smashing growth and revenue targets, despite the company nearly doubling its debt in order to invest in original series.

Netflix shares shot up more than 12 percent in after-hours trading on Tuesday following the release of its favorable third-quarter earnings report. It now has 137m subscribers overall, 135m of whom pay monthly fees. "The debt market is open to Netflix, but rising rates make it costlier to finance the company's multibillion-dollar programming investments".

Worldwide territories remain the key to the company's future, and accounted for 84 percent of Netflix's new customers in the third quarter.

Netflix is investing more than $8bn in entertainment programming this year to lure new customers around the world. It added 6.96 million new subscribers, exceeding expectations and coming in particular relief after the company disappointed during its previous quarter. This brings Netflix total subscribers to 137 million a userbase that is only behind YouTube's 192 million when looking at streaming services.

CEO Reed Hastings told investors, in a letter, that the company expects to add 7.6 million paid subscribers in its fourth quarter, though its operating margin would tighten because of the higher mix of films at year's end.

Ballon d’Or : Luka Modric révèle ses 3 favoris
Aujourd'hui, force est de constater que Subasic ne s'était pas trompé sur ce point alors que Mbappé n'était " pas encore connu ". Luka Modric est un joueur " timide et réservé " qui "n'apprécie pas cette surexposition médiatique".

2-1 Mbappé et Kimpembe en mode Diesel, Kehrer solide — France-Allemagne
Les Allemands commençaient la partie tambour battant, en profitant du manque d'agressivité des Français sur contre. Des Bleus fébriles derrière et sans imagination dans les phases de transition misaient sur la vitesse de Mbappé .

Le tout petit smartphone officiellement dévoilé — Palm
Le smartphone est étanche et propose un capteur photo 12 megapixels à l'arrière et un module 8 megapixels à l'avant. Il s'agira d'une exclusivité Verizon (l'opérateur américain) et aucune date de sortie précise n'a été communiquée.

The better-than-expected subscriber additions, combined with some one-time accounting-related benefits, helped Netflix handily beat Wall Street profit targets.

The streaming service added 6.96 million subscribers - beating analyst predictions of 5.1 million - and took in $4 billion in revenue in the third quarter, matching those analysts' projections.

Executives said audiences welcomed shows tailored to specific markets, such as "Sacred Games" in India, which the company identified as key to its expansion.

Netflix's gains, including those that came in after-market trading Tuesday, have cleared $3.63 billion from the accounts of short sellers so far this year, Ihor Dusaniwsky, managing director at financial analytics firm S3 Partners, noted in a tweet. Analysts were expecting 7.7 million - 1.6 million in the U.S. and 6.1 million internationally, according to Instinet. It has issued a net $7.5 billion of bonds in less than three years, though that could carry a cost in a changing economic environment. The streaming platform is expected to spend $13 billion on content in 2018 alone. The company posted a profit of 89 cents a share in its most recent period, a full 21 cents a share better than analysts polled by Bloomberg had forecast. Analysts were expecting $4 billion also.

Conseillé:

  • QUIZ: How well do you know basic pot rules across Canada?

    QUIZ: How well do you know basic pot rules across Canada?

    In other words, just because the Cannabis Act says you can do something with pot in Canada, doesn't mean you can do it everywhere. Individuals are eligible to apply for a pardon through the Parole Board of Canada five years after the conviction is handed down.
    Cinq généraux de l'armée emprisonnés — Algérie

    Cinq généraux de l'armée emprisonnés — Algérie

    Selon la même source, la justice militaire soupçonne les mis en cause d'enrichissement illicite et d'abus de fonction. Les généraux-majors sont, Menad Nouba, Saïd Bey, Habib Chentouf, Abderrazak Cherif et Boudjemaâ Boudouaour.
    Winamp : De retour courant 2019 !

    Winamp : De retour courant 2019 !

    Après 21 ans de bons et loyaux services en tant que lecteur multimédia , on pourrait penser que Winamp a fait son temps. Beaucoup de gens pensent que Winamp est mort, que nous ne l'entretenons plus.
  • Officials investigate toddler found dead in oven

    The sheriff said he settled on the murder charge after consulting with Bolivar County District Attorney Brenda Mitchell. The 20-month-old girl was found by a relative at a property in Shaw, Mississippi, United States, yesterday night.
    Bilan revu à la baisse à 11 morts — Inondations dans l'Aude

    Bilan revu à la baisse à 11 morts — Inondations dans l'Aude

    Les établissements scolaires restent fermés ce mardi et les transports scolaires suspendus dans tout le département. Alors que certains se sont plaints d'avoir été mal informés de l'intensité à venir des orages, M.

    Scooby-Doo and Tom And Jerry are being turned into movies

    Insiders say his "affection for the character was apparent, and he was soon asked to join the production as a creative producer". The plan is for Warners to embrace their classic characters, with hopes of crafting animated features and live-action hybrids.
  • 'The Conners' Returns Three Weeks After Roseanne's Death

    'The Conners' Returns Three Weeks After Roseanne's Death

    Dan thinks that she died of a heart attack while in their bed - which is why he refuses to sleep in it and opts to sleep on the couch.
    Writer claimed letter sent to Sen. Collins' home contained deadly toxin ricin

    Writer claimed letter sent to Sen. Collins' home contained deadly toxin ricin

    The testing of the letter, as well as the investigation into its origins, remain ongoing. She eventually chose to vote for him, she announced in a speech on the Senate floor.
    Uber proposals value company at $120 billion in a possible IPO

    Uber proposals value company at $120 billion in a possible IPO

    Lyft raised $600 million in Series I funding earlier this year, giving it a value of $15.1 billion. Lyft has discussed worldwide plans but so far has expanded only to a handful of cities in Canada.
  • Northern Irish author Anna Burns' 'Milkman' wins Man Booker Prize

    Northern Irish author Anna Burns' 'Milkman' wins Man Booker Prize

    Burns, 56, who was born in Belfast, is the 17th woman to bag the award in its 49-year history and the first woman since 2013. In 2014, authors from any English-speaking country became eligible for the prize for the first time.

    Donald Trump says 'my biggest threat is the Fed'

    Trump has blamed the market's big sell-off on rising rates and has described the Fed as being "out of control". President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly.
    Major outage prompts outcry on social media — YouTube down

    Major outage prompts outcry on social media — YouTube down

    Outages are bound to happen, especially on user-heavy sites that attract millions of people. The company said it was working on the issue and apologized for the inconvenience.


Populaire

Cooper Kupp carted off with knee injury, returns in second half
Kupp stayed down as trainers examined him and quarterback Jared Goff came over to check on him before the receiver was carted off. Kupp was back out there for the second half, a stunning development after the injury that appeared to be much worse.

Lyft Subscription Plan Rolls Out With All-Access Service
The rides are also capped at a value of $15 - take a ride that costs more than $15, and you'll have to pay the difference. Notably, rides do not roll over to the following period meaning any unused rides at the end of the month will disappear.

Scholes reveals his three favourite players, picks between Ronaldo, Messi
Julen Lopetegui's side are now on a four-match scoreless streak, having fired blanks against Alaves, CSKA Moscow, Atletico Madrid and Sevilla in recent weeks.

The Walking Dead's Ratings Just Hit A New Low
The fourth episode of Season 1, called "Vatos", had previously been the lowest-rated with a total of 2.4 in the key demo. The previous record was a 2.4 during season one, when the show was just starting to find its audience.

People at Popular Hudson Valley Shopping Center Exposed to Measles
People who have not been vaccinated can develop symptoms that seem at first like a common cold, followed by a rash. Westchester Medical Center Emergency Room, 100 Woods Road, Valhalla, Oct. 11, between 3:45 a.m. and 4:15 p.m.

Saudi oil output expected to rise next month: Falih
Given the impact of rising oil prices on the rupee and India's trade deficit, his motivations were clear. The last time South Korea did not import oil from Iran was September 2012, according to customs data.

Huawei Mate 20 X : un écran de plus de 7 pouces, un stylet et une tendance gaming
En effet, le Mate 20 Pro innove en reprenant un subtil mélange des éditions Porsche Design des Mate 10 et P20 Pro de la marque. Mais là où Huawei se démarque, c'est qu'il propose des bords latéraux incurvés à l'instar des Galaxy S9 de Samsung.

Ethiopia names 50pc female cabinet
Dagmawit Moges, a former mayor of the capital was appointed defence minister, the first female to occupy that position. Yet the changes have not stopped ethnically-charged violence, some of which escalated since he was named premier.

‘Miss Bala’ Trailer: Gina Rodriguez Goes to War Against the Cartel
Forced to play both sides in order to survive and protect her family, Gloria finds herself drawn into an increasingly unsafe game. I recently picked up the original 2011 Miss Bala , and I'm eager to check it out before sitting down with Hardwicke's remake.

OPEC sees weaker oil demand in 2019 as rivals output surge
US President Donald Trump pulled out of an worldwide nuclear deal with Iran in May and announced sanctions against the OPEC state. It is also encouraging Saudi Arabia, other OPEC members and Russian Federation to pump more crude to meet any shortfall.