NFLX ER out. 62million subs now. They only had 1 m
Post# of 96892
Posted On: 04/15/2015 4:39:22 PM
NFLX ER out. 62million subs now. They only had 1 million in
2002. Once ULTRAFLIX hits 1,000,000 subs by end of this
year that's where its heading too over the next decade.
Notice STREAMING is fastest growing part of business.
Apr 15 2015, 16:18 ET | By: Jason Aycock, SA News Editor
Netflix (NASDAQ:NFLX) is up 12.7% after hours on a Q1 report where it beat earnings expectations and pointed to total global streaming membership of 62.3M.
Netflix notes it added 2.3M new members, above its guidance of 1.8M, and added 2.6M new international members vs. guidance of 2.25M. Members streamed 10B hours in Q1.
Contribution margin for total streaming rose to 17.7% in Q1, up from a year-ago 15.6% and Q4's 13.6%. U.S. contribution margin ran to 31.7% from Q4's 28%. Content spending was lower than forecast.
The company expects to run ahead of U.S. margin growth of 200 bps/year in 2015 as costs are spread more globally. Netflix will shift some U.S. marketing budget to international, to play on growth opportunities.
Q2 forecast: 2.5M net adds (1.9M international, 0.6M in U.S.) and total streaming contribution margin of 15.4% (32% in U.S., -22.4% international).
2002. Once ULTRAFLIX hits 1,000,000 subs by end of this
year that's where its heading too over the next decade.
Notice STREAMING is fastest growing part of business.
Apr 15 2015, 16:18 ET | By: Jason Aycock, SA News Editor
Netflix (NASDAQ:NFLX) is up 12.7% after hours on a Q1 report where it beat earnings expectations and pointed to total global streaming membership of 62.3M.
Netflix notes it added 2.3M new members, above its guidance of 1.8M, and added 2.6M new international members vs. guidance of 2.25M. Members streamed 10B hours in Q1.
Contribution margin for total streaming rose to 17.7% in Q1, up from a year-ago 15.6% and Q4's 13.6%. U.S. contribution margin ran to 31.7% from Q4's 28%. Content spending was lower than forecast.
The company expects to run ahead of U.S. margin growth of 200 bps/year in 2015 as costs are spread more globally. Netflix will shift some U.S. marketing budget to international, to play on growth opportunities.
Q2 forecast: 2.5M net adds (1.9M international, 0.6M in U.S.) and total streaming contribution margin of 15.4% (32% in U.S., -22.4% international).
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