The Los Gatos, Calif.-based company reported robust earnings of 76 cents per share, easily beating guidance of 56 cents per share, with revenue coming in at $4.52 billion, outpacing guidance of $4.49 billion. The results marked significant growth from the year-ago quarter, which saw earnings of 64 cents per share on revenue of $3.70 billion.
Markets tend to watch Netflix’s new subscriptions as the most reliable indicator of future profitability. For the quarter, the digital entertainment streaming giant brought in a record 9.6 million new paying subscribers, up nearly 16% from 8.3 million in the year-ago period.Despite the strong results, Netflix shareholders were spooked by less than stellar guidance for the second quarter.
The company also forecast earnings of 55 cents per share for the quarter, down from 85 cents in the year-ago period.
I paid more for my Netflix subscription than the company paid in taxes in 2018. It's time to BoycottNetflix
KTLA So add new entertaining content more than once every two months and subtitled content doesn't count
Hey Netflix, you're welcome.
😂
They just raised prices too. Fuck Netflix.
Netflix is known to blatantly lie about the viewer count of their original programming so it stands to reason they’re also lying about this.
😀😉