Summary
Netflix Reports In-line
Netflix (NFLX) reported 1st Quarter March 2017 earnings of $0.40 per share on revenue of $2.6 billion. The consensus earnings estimate was $0.38 per share on revenue of $2.6 billion. The Earnings Whisper number was $0.40 per share. Revenue grew 34.7% on a year-over-year basis.
The company said it expects second quarter earnings of approximately $0.15 per share on revenue of approximately $2.755 billion. The current consensus earnings estimate is $0.23 per share on revenue of $2.77 billion for the quarter ending June 30, 2017.
Netflix Inc operates as an Internet television network providing
TV shows & movies which include original series, documentaries & feature
films. The Company has three segments namely Domestic streaming,
International streaming & Domestic DVD.
Results
Reported Earnings
$0.40
Earnings Whisper
$0.40
Consensus Estimate
$0.38
Reported Revenue
$2.64 Bil
Revenue Estimate
$2.64 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Netflix Releases First-Quarter 2017 Financial Results
Netflix, Inc. (NFLX) has released its first-quarter 2017 financial results by posting them to its website. Please visit the Netflix investor relations website at http://ir.netflix.com to view the Q1’17 financial results and letter to shareholders.
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Netflix Chief Executive Officer Reed Hastings, Chief Financial Officer David Wells and Chief Content Officer Ted Sarandos will participate in a video interview at 3:00 p.m. Pacific Time at youtube.com/netflixir. The interview will be conducted by Doug Mitchelson, UBS and Scott Devitt, Stifel. Questions that investors would like to see asked should be sent to doug.mitchelson@ubs.com or swdevitt@stifel.com.
About Netflix, Inc.
Netflix is the world’s leading Internet television network with over 93 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/netflix-releases-first-quarter-2017-financial-results-300440329.html
SOURCE Netflix, Inc.
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