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Netflix Inc (NFLX.O)

NFLX.O on Nasdaq

152.20USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Iqiyi signs licensing agreement with Netflix for popular shows
Friday, 28 Apr 2017 12:00am EDT 

April 28 (Reuters) - :Iqiyi signs licensing agreement with Netflix for popular shows.Iqiyi- deal covers Netflix's premium shows such as sci-fi series black mirror and stranger things for simultaneous premier in china.Iqiyi- deal also expected to help drive out pirated contents in chinese market by feeding local viewers with copyrighted contents of high definition.Iqiyi-Licensing agreement with Netflix to give iqiyi streaming rights in china to netflix's popular dramas, cartoons, documentaries and reality shows.  Full Article

Netflix prices EUR 1.3 bln offering of senior notes
Wednesday, 26 Apr 2017 02:52pm EDT 

April 26 (Reuters) - Netflix Inc ::Netflix prices €1.3 billion offering of senior notes.Pricing of an offering of EUR 1.3 billion aggregate principal amount of 3.625% senior notes due 2027.Interest on notes will be payable in cash semi-annually in arrears, beginning on November 15, 2017.Notes will mature on May 15, 2027.May redeem notes, in whole or in part, at price of 100% of amount thereof plus a "make-whole" premium and accrued and unpaid interest.  Full Article

Netflix announces proposed 1 bln euro offering of senior notes
Monday, 24 Apr 2017 03:20am EDT 

April 24 (Reuters) - Netflix Inc :Netflix announces proposed 1 billion euro offering of senior notes.Netflix intends to use net proceeds from this offering for general corporate purposes.  Full Article

Netflix reports quarterly earnings of $0.40 per share
Monday, 17 Apr 2017 04:51pm EDT 

April 17 (Reuters) - Netflix Inc :Quarterly revenue $2.64 billion versus $1.96 billion.Quarterly earnings per share $0.40.Q1 U.S. streaming net additions 1.42 million versus co's forecast of 1.5 million.Says it expects to cross the 100 million member mark this weekend.Sees Q2 U.S. streaming net additions 0.60 million.Sees Q2 international streaming net additions 2.60 million.Sees Q2 total streaming revenue $2,640 million.Q1 total streaming net additions 4.95 million versus co's forecast of 5.20 million.Sees Q2 earnings per share $0.15.Q1 earnings per share view $0.37, revenue view $2.64 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Sees Q2 total streaming net additions of 3.20 million.3.53 million international streaming net additions in Q1 versus co's forecast of 3.7 million.Netflix says any move similar to Amazon's move into NFL football "is not a strategy that we think is smart for us"."We'll spend over $1 billion in 2017 marketing our content to drive member acquisition".Says due to content, primarily house of cards season 5, moving from Q1 to Q2, co had higher operating margins in Q1 at 9.7% than plan for year.Says continue to plan to have around $2 billion in negative free cash flow this year.Says it continues to plan to have around $2 billion in negative free cash flow this year.Says forecast operating margin at 4.4% in Q2.  Full Article

Netflix Chief Talent Officer to leave company
Friday, 7 Apr 2017 07:00pm EDT 

Netflix Inc : Greg Peters to become Netflix chief product officer in July . Chief Talent Officer Tawni Cranz, who joined company in 2007, would leave company and pursue other interests .Neil Hunt to leave company mid-year.  Full Article

FNC Add Culture signs 1.72 bln won contract with Netflix
Tuesday, 14 Mar 2017 05:24am EDT 

FNC Add Culture Co Ltd <063440.KQ> :Says it signs 1.72 billion won contract with Netflix to provide Korean drama named My Only Love Song.  Full Article

Spark New Zealand partners with Netflix
Sunday, 26 Feb 2017 02:35pm EST 

Spark New Zealand Ltd - : Spark New Zealand partners with Netflix .Partnership gives Spark broadband customers a subscription to Netflix's standard plan for one year.  Full Article

Netflix reports Q4 total EPS including DVD of $0.15
Wednesday, 18 Jan 2017 04:25pm EST 

Netflix Inc : Quarterly total EPS including DVD $0.15 . Quarterly revenues $2.48 billion versus $1.82 billion last year . Q4 earnings per share view $0.13, revenue view $2.47 billion -- Thomson Reuters I/B/E/S . Q4 international streaming net additions 5.12 million versus company's forecast of 3.75 million . Q4 total streaming net additions 7.05 million versus company's forecast of 5.2 million . Says Q4 U.S. streaming net subscriber additions were 1.93 million versus its forecast of 1.45 million . Sees Q1 total EPS including DVD $0.37 . Q1 earnings per share view $0.18 -- Thomson Reuters I/B/E/S . Sees Q1 total streaming net additions 5.20 million . Sees Q1 total streaming revenue $2.52 billion . Sees Q1 U.S. streaming net subscriber additions 1.5 million . Sees Q1 international streaming net additions of 3.70 million . Sees free cash flow to be around -$2 billion in 2017 versus. -$1.7 billion in 2016, with FCF loss improving sequentially in Q1'17 . Weakening of U.S. net neutrality laws, should that occur, is unlikely to materially affect company's domestic margins or service quality . "Amazon prime video expanded recently to match our territory footprint" . Says "hope the new U.S. administration and congress will recognize that keeping the network neutral drives job growth and innovation" . Says "weakening of U.S. net neutrality laws, should that occur, is unlikely to materially affect our domestic margins or service quality".  Full Article

Netflix Q4 results press release
Wednesday, 18 Jan 2017 04:09pm EST 

quarter earnings press release::.  Full Article

Netflix says its members can now download content at no extra cost
Wednesday, 30 Nov 2016 09:05am EST 

Netflix Inc : Netflix members worldwide can now download in addition to stream series and films at no extra cost .New download feature included in all plans and available for phones and tablets on Android and iOS.  Full Article

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