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Netflix Inc (NFLX.O)

NFLX.O on Nasdaq

374.23USD
24 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Netflix Prices Offerings Of Senior Notes
6:31pm EDT 

Netflix Inc ::NETFLIX PRICES OFFERINGS OF SENIOR NOTES.NETFLIX INC - PRICING OF EUR 1.2 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 3.875% SENIOR NOTES DUE 2029.NETFLIX INC - INTEREST ON EACH SERIES OF NOTES WILL BE PAYABLE IN CASH SEMI-ANNUALLY IN ARREARS, BEGINNING ON DECEMBER 15, 2019.NETFLIX INC - $900 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 5.375% SENIOR NOTES DUE 2029.NETFLIX INC - EACH SERIES OF NOTES WILL MATURE ON NOVEMBER 15, 2029.NETFLIX INC - SALE OF NOTES IS EXPECTED TO CLOSE ON APRIL 29, 2019.  Full Article

Netflix Reports Q1 EPS Of $0.76
Tuesday, 16 Apr 2019 04:35pm EDT 

April 16 (Reuters) - Netflix Inc ::REVENUE SURPASSED $4.5 BILLION IN Q1.IN Q1'19, AVERAGE STREAMING PAID MEMBERSHIPS INCREASED 26% YEAR OVER YEAR, WHILE ARPU DECREASED 2% YEAR OVER YEAR.EXCLUDING F/X, GLOBAL STREAMING ARPU IMPROVED 3% YEAR OVER YEAR AND 2% SEQUENTIALLY IN QUARTER.QTRLY EARNINGS PER SHARE $0.76.SEES Q2 EARNINGS PER SHARE $0.55.QTRLY GLOBAL STREAMING PAID NET ADDITIONS OF 9.60 MILLION.QTRLY REVENUE $$4,521 MILLION VERSUS $3,701 MILLION REPORTED LAST YEAR.SEES Q2 2019 GLOBAL STREAMING PAID NET ADDITIONS OF 5.00 MILLION.QTRLY LONG-TERM DEBT AS OF MARCH 31, 2019 WAS $10.31 BILLION.NO CHANGE TO OUR PLAN TO USE THE HIGH YIELD MARKET TO FINANCE OUR CASH NEEDS.QTRLY OPERATING MARGIN OF 10.2% EXCEEDED BEGINNING-OF-QUARTER EXPECTATION AS SOME SPENDING WAS SHIFTED FROM Q1 TO LATER IN THE YEAR.NOW EXPECT 2019 FREE CASH FLOW DEFICIT TO BE MODESTLY HIGHER AT APPROXIMATELY NEGATIVE $3.5 BILLION.QTRLY FREE CASH FLOW TOTALED NEGATIVE $460 MILLION VERSUS NEGATIVE $287 MILLION IN THE YEAR AGO QUARTER.WE’RE STILL EXPECTING FREE CASH FLOW TO IMPROVE IN 2020 AND EACH YEAR THEREAFTER.STILL EXPECTING FREE CASH FLOW TO IMPROVE IN 2020 AND EACH YEAR THEREAFTER, DRIVEN BY GROWING MEMBER BASE, REVENUES, OPERATING MARGINS."WORKING OUR WAY THROUGH A SERIES OF PRICE INCREASES IN THE US, BRAZIL, MEXICO AND PARTS OF EUROPE".NET CASH USED IN OPERATING ACTIVITIES IN Q1’19 WAS NEGATIVE $380 MILLION VERSUS. NEGATIVE $237 MILLION IN THE PRIOR YEAR PERIOD.  Full Article

Netflix Sees Q2 Revenue of $4.93 Bln
Tuesday, 16 Apr 2019 04:32pm EDT 

April 16 (Reuters) - Netflix Inc ::NETFLIX INC SEES Q2 REVENUE $4,928 MILLION.NETFLIX INC - FOR Q2, PROJECT TOTAL PAID NET ADDS OF 5.0 MILLION (DOWN 8% YOY), WITH 0.3 MILLION IN U.S. & 4.7 MILLION FOR INTERNATIONAL SEGMENT.NETFLIX - FULL YEAR 2019 OPERATING MARGIN TARGET OF 13% IS UNCHANGED, EXPECT OPERATING MARGIN IN H2 WILL BE HIGHER THAN H1.NETFLIX - CMO, KELLY BENNETT, WILL BE RETIRING THIS YEAR.NETFLIX INC SAYS TED SARANDOS IS LEADING THE SEARCH FOR THE NEW CMO, WHO WILL REPORT TO HIM.  Full Article

Personalized Media Filed Patent Infringement Suits Against Google, Akamai, And Netflix
Thursday, 21 Mar 2019 03:32pm EDT 

March 21 (Reuters) - Personalized Media Communications, LLC::PERSONALIZED MEDIA COMMUNICATIONS LLC SAYS HAS FILED PATENT INFRINGEMENT SUITS AGAINST GOOGLE, AKAMAI, AND NETFLIX.  Full Article

Apple's plans to create a subscription service for news is running into resistance from major publishers - WSJ
Tuesday, 12 Feb 2019 02:18pm EST 

Feb 12 (Reuters) - :APPLE PLANS TO KEEP ABOUT 50% OF SUBSCRIPTION REVENUE FROM 'NETFLIX FOR NEWS' SERVICE, LIKELY WON'T SHARE CUSTOMER DATA WITH PUBLISHERS- WSJ.APPLE'S PLAN TO CREATE SUBSCRIPTION SERVICE FOR NEWS IS RUNNING INTO RESISTANCE FROM MAJOR PUBLISHERS OVER APPLE'S PROPOSED FINANCIAL TERMS - WSJ.APPLE'S SUBSCRIPTION SERVICE FOR NEWS IS EXPECTED TO LAUNCH LATER THIS YEAR AS A PAID TIER OF APPLE NEWS APP - WSJ, CITING SOURCES.  Full Article

Facebook, On Report Tech Companies Were Given Access To User Data, Says None Of The Partnerships Or Features Gave Access To Information Without Permission
Wednesday, 19 Dec 2018 03:21am EST 

Dec 19 (Reuters) - :FACEBOOK, ON REPORT TECH COMPANIES WERE GIVEN ACCESS TO USER DATA, SAYS NONE OF THE PARTNERSHIPS OR FEATURES GAVE ACCESS TO INFORMATION WITHOUT PERMISSION.FACEBOOK, ON REPORT THAT CO GAVE TECH COMPANIES ACCESS TO USER DATA, SAYS NONE OF THE PARTNERSHIPS OR FEATURES VIOLATE CO'S 2012 SETTLEMENT WITH FTC.  Full Article

Viacom's Paramount Says It Has Signed A Multi-Picture Film Deal With Netflix
Friday, 16 Nov 2018 09:55am EST 

Nov 16 (Reuters) - Viacom Inc ::VIACOM - EXPECTS FY WORLDWIDE MEDIA NETWORKS EXPENSE (NOT TOTAL CO EXPENSE) TO GROW LOW TO MID-SINGLE DIGITS.VIACOM - EXPECTS LOW SINGLE-DIGIT DECLINE IN FY19 ADJUSTED OPERATING INCOME AT MEDIA NETWORKS(ADDS DROPPED WORDS).VIACOM - VIACOM'S PARAMOUNT SAYS IT HAS SIGNED A MULTI-PICTURE FILM DEAL WITH NETFLIX.VIACOM - EXPECTS MID-SINGLE DIGITS GROWTH IN CONSTANT CURRENCY FOR FY REVENUE.VIACOM - EXPECTS LOW-SINGLE DIGIT GROWTH IN ADJUSTED OPERATING INCOME FOR FY19.VIACOM - FORECASTS FY19 ADJUSTED EFFECTIVE TAX RATE IN LINE WITH 2018.VIACOM - EXPECTS TO SEE STRONG TOPLINE GROWTH AT FILMED ENTERTAINMENT IN FY19.VIACOM - FOR DOMESTIC AD SALES, ANTICIPATES SEQUENTIAL QTRLY PERFORMANCE IMPROVEMENT OVER THE COURSE OF FY WITH RETURN TO GROWTH IN BACK HALF.  Full Article

Netflix Says Testing To Understand Consumer Interest In A Mobile-Only Plan In Some Countries
Wednesday, 14 Nov 2018 08:50am EST 

Nov 14 (Reuters) - Netflix Inc ::NETFLIX SAYS TESTING TO UNDERSTAND CONSUMER INTEREST IN A MOBILE-ONLY PLAN IN SOME COUNTRIES; MAY NOT EVER ROLL OUT FEATURES/ ELEMENTS INCLUDED IN TEST.  Full Article

Comcast Plans New Product That Would Allow Customers To Aggregate Streaming Apps Including Netflix, Amazon Prime - CNBC
Wednesday, 7 Nov 2018 04:23pm EST 

Nov 7 (Reuters) - :COMCAST TO ROLL OUT NEW PRODUCT FOR BROADBAND-ONLY SUBSCRIBERS - CNBC.COMCAST'S PLANNED NEW PRODUCT FOR BROADBAND-ONLY SUBSCRIBERS TO ALLOW CUSTOMERS TO AGGREGATE STREAMING APPS INCLUDING NETFLIX, AMAZON PRIME - CNBC.COMCAST'S PLANNED PRODUCT, WHICH WILL FIRST BE A SET-TOP BOX BUT COULD MORPH INTO AN APP ITSELF, WILL LAUNCH NEXT YEAR- CNBC, CITING SOURCES.  Full Article

Netflix and Sugar23 enter into multi-year film deal
Thursday, 11 Oct 2018 06:33pm EDT 

Oct 11 (Reuters) - Netflix Inc ::NETFLIX INC - CO AND SUGAR23 ENTER INTO MULTI-YEAR FILM DEAL.  Full Article

US STOCKS-Futures edge higher on robust China data; chipmakers rise

April 17 U.S. stock index futures inched higher on Wednesday, buoyed by upbeat economic data from China, but gains were capped by disappointing quarterly reports from Netflix and IBM.