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Netflix Inc (NFLX.OQ)

NFLX.OQ on NASDAQ Stock Exchange Global Select Market

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18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Netflix Posts Qtrly EPS OF $0.30
Thursday, 17 Jan 2019 04:35pm EST 

Jan 17 (Reuters) - Netflix Inc ::QTRLY TOTAL EARNINGS PER SHARE $0.30.QTRLY REVENUE $4,187 MILLION VERSUS $3,286 MILLION REPORTED LAST YEAR.Q4 EARNINGS PER SHARE VIEW $0.24 -- REFINITIV IBES DATA.Q4 REVENUE VIEW $4.21 BILLION -- REFINITIV IBES DATA.SEES Q1 TOTAL EARNINGS PER SHARE $0.56.SEES Q1 REVENUE $4,494 MILLION.Q1 EARNINGS PER SHARE VIEW $0.82, REVENUE VIEW $4.60 BILLION -- REFINITIV IBES DATA.7.31 MILLION INTERNATIONAL STREAMING PAID NET ADDITIONS IN Q4.TARGETING 9 PERCENT OPERATING MARGIN IN Q1.SEES 7.30 MILLION INTERNATIONAL STREAMING PAID NET ADDITIONS IN Q1.Q4 GLOBAL STREAMING NET ADDITIONS OF 8.84 MILLION.EXPECTS 2019 FCF SIMILAR TO 2018.SEES Q1 GLOBAL STREAMING PAID NET ADDITIONS OF 8.90 MILLION.QTRLY U.S. STREAMING PAID NET MEMBERSHIP ADDITIONS OF 1.5 MILLION VERSUS CO’S FORECAST OF 1.80 MILLION.OPERATING MARGIN TARGET FOR 2019 REMAINS 13 PERCENT.IN ITS FIRST 4 WEEKS ON NETFLIX, ESTIMATE BIRD BOX WILL BE ENJOYED BY OVER 80 MILLION MEMBER HOUSEHOLDS, WE ARE SEEING HIGH REPEAT VIEWING.IN US, IT EARN AROUND 10 PERCENT OF TELEVISION SCREEN TIME, LESS THAN THAT OF MOBILE SCREEN TIME.FINISHED YEAR WITH CASH OF $3.8 BILLION & $500 MILLION UNSECURED CREDIT FACILITY REMAINS UNDRAWN.FORECAST Q1 INTERNATIONAL ASP WILL BE UP YOY, EXCLUDING FX.BEGINNING TO HAVE ORIGINAL MOVIE OFFERING MIRROR SUCCESS OF CO'S SERIES OFFERING.IN Q4, FCF WAS NEGATIVE $1.3 BILLION VERSUS NEGATIVE $0.5 BILLION IN Q4 2017.  Full Article

Moody's Says European Cable Television Companies' Outlook Weaker Than U.S. Peers In 2019
Thursday, 17 Jan 2019 05:25am EST 

Jan 17 (Reuters) - Netflix Inc ::MOODY'S SAYS EUROPEAN CABLE TELEVISION COMPANIES' OUTLOOK WEAKER THAN U.S. PEERS IN 2019.MOODY'S SAYS EUROPEAN CABLE COMPANIES HAVE HIGHER LEVERAGE THAN THEIR US PEERS, MAKING DEBT REDUCTION A PRIORITY.MOODY'S SAYS RISKS ARE RISING FOR CABLE TV COMPANIES IN THE US WITH PRESSURES BUILDING FROM CHALLENGERS SUCH AS NETFLIX.MOODY'S SAYS US IS LIKELY TO SEE HEALTHY REVENUE GROWTH OF 4.5% AS BROADBAND SUBSCRIBER GROWTH SO FAR OFFSETS CONTINUED TELEVISION SUBSCRIBER LOSSES.MOODY'S SAYS M&A TREND NOT EVIDENT, RECENT LARGE ACQUISITIONS LIKE COMCAST'S PURCHASE OF SKY REDUCING CAPACITY FOR FURTHER MAJOR DEALS IN THE NEAR TERM.  Full Article

Netflix Raises Plan Prices For U.S. Subscribers
Tuesday, 15 Jan 2019 12:45pm EST 

Jan 15 (Reuters) - Netflix Inc ::NETFLIX INC - RAISING PLAN PRICES FOR U.S. SUBSCRIBERS.NETFLIX INC - BASIC MONTHLY PLAN IS NOW AT $8.99, STANDARD PLAN AT $12.99 AND PREMIUM PLAN AT $15.99.NETFLIX - THE PRICE INCREASES TO ALSO APPLY TO COUNTRIES IN LATIN AMERICA, CARIBBEAN AND EXCLUDE MAJOR MARKETS LIKE MEXICO AND BRAZIL..NETFLIX - CHANGES IN PLAN PRICES WILL BE APPLIED TO ALL EXISTING MEMBERS OVER THE NEXT FEW MONTHS, AND TO ALL NEW MEMBERS IMMEDIATELY - SPOKESPERSON.NETFLIX - BASIC PLAN RAISED FROM $7.99/MONTH, STANDARD PLAN RAISED FROM $10.99, PREMIUM PLAN RAISED FROM $13.99 - SPOKESPERSON.  Full Article

Netflix To Reclassify Certain Streaming Personnel Related Expenses On Consolidated Statement Of Operations Effective Q4 2018
Thursday, 3 Jan 2019 06:16am EST 

Jan 3 (Reuters) - Netflix Inc ::NETFLIX - TO RECLASSIFY CERTAIN STREAMING PERSONNEL RELATED EXPENSES ON ITS CONSOLIDATED STATEMENT OF OPERATIONS EFFECTIVE FOR Q4 OF 2018.NETFLIX INC - NO CHANGE TO CONSOLIDATED OPERATING INCOME, NET INCOME, CASH FLOWS OR DVD SEGMENT RESULTS AS A RESULT OF CHANGE IN CLASSIFICATION.NETFLIX INC - WILL RECLASSIFY PERSONNEL RELATED EXPENSES FOR ALL PRIOR PERIODS TO PRESENT COMPARABLE FINANCIAL RESULTS - SEC FILING.NETFLIX - EXPENSES FOR PERSONNEL THAT SUPPORT GLOBAL CONTENT & MARKETING PREVIOUSLY CLASSIFIED IN GENERAL & ADMINISTRATIVE EXPENSES WERE RECLASSIFIED.NETFLIX - MAKING CHANGE IN CLASSIFICATION IN ORDER TO REFLECT HOW NATURE OF WORK PERFORMED BY CERTAIN PERSONNEL HAS CHANGED.NETFLIX - NATURE OF WORK PERFORMED BY CERTAIN PERSONNEL CHANGED TO REFLECT CO'S STRATEGY TO CREATE MORE OF OWN CONTENT RATHER THAN THIRD PARTY LICENSING.  Full Article

Spencer Neumann Named Netflix Chief Financial Officer
Wednesday, 2 Jan 2019 12:00pm EST 

Jan 2 (Reuters) - Netflix Inc ::SPENCER NEUMANN NAMED NETFLIX CHIEF FINANCIAL OFFICER.NEUMANN SUCCEEDS DAVID WELLS WHO SERVED AS CFO SINCE 2010..NEUMANN WAS MOST RECENTLY CFO OF ACTIVISION BLIZZARD AND PREVIOUSLY HELD SEVERAL SENIOR POSITIONS AT WALT DISNEY COMPANY.  Full Article

Netflix Inc - CEO Reed Hastings' 2019 Annual Salary Of $700,000 Including Annual Stock Option Allocation Of $30.8 Mln
Friday, 28 Dec 2018 06:17am EST 

Dec 28 (Reuters) - Netflix Inc ::NETFLIX INC - CEO REED HASTINGS' 2019 ANNUAL SALARY OF $700,000 INCLUDING ANNUAL STOCK OPTION ALLOCATION OF $ 30.8 MILLION.NETFLIX INC - ESTABLISHED 2019 ANNUAL SALARY AND STOCK OPTION ALLOCATION FOR TED SARANDOS, CHIEF CONTENT OFFICER, AT $18 MILLION AND $13.5 MILLION.NETFLIX INC - CFO DAVID WELLS' 2019 COMPENSATION ESTABLISHED AT $3.5 MILLION IN ANNUAL SALARY AND $2.8 MILLION IN STOCK OPTIONS.NETFLIX INC - GREG PETERS, CHIEF PRODUCT OFFICER'S, 2019 ANNUAL SALARY OF $10 MILLION WITH ANNUAL STOCK OPTION ALLOCATION OF $6.8 MILLION - SEC FILING.  Full Article

Netflix To Create Exclusive Slate Of Original Animated Event Series From The Roald Dahl Story Universe
Tuesday, 27 Nov 2018 11:43am EST 

Nov 27 (Reuters) - Netflix Inc ::NETFLIX SAYS CO TO CREATE EXCLUSIVE SLATE OF ORIGINAL ANIMATED EVENT SERIES FROM THE ROALD DAHL STORY UNIVERSE.NETFLIX SAYS PRODUCTION IS SET TO COMMENCE ON THE FIRST OF THE NETFLIX DAHL ANIMATED SERIES IN 2019.  Full Article

Third Point Dissolves Share Stake In Facebook, Cuts In Netflix
Friday, 9 Nov 2018 06:07pm EST 

Nov 9 (Reuters) - Third Point LLC::THIRD POINT LLC DISSOLVES SHARE STAKE IN FACEBOOK INC.THIRD POINT LLC CUTS SHARE STAKE IN NETFLIX INC TO 1.3 MILLION SHARES FROM 2 MILLION SHARES.THIRD POINT LLC TAKES SHARE STAKE OF 4.5 MILLION SHARES IN MERCK & CO.THIRD POINT LLC DISSOLVES SHARE STAKE IN WYNN RESORTS.THIRD POINT LLC TAKES SHARE STAKE OF 1.5 MILLION SHARES IN IQVIA HOLDINGS - SEC FILING.THIRD POINT LLC UPS SHARE STAKE IN UNITED TECHNOLOGIES BY 10.5 PERCENT TO 8.4 MILLION SHARES.THIRD POINT LLC CUTS SHARE STAKE IN PAYPAL HOLDINGS BY 9.5 PERCENT TO 9.05 MILLION SHARES.THIRD POINT LLC DISSOLVES SHARE STAKE IN PVH CORP.THIRD POINT LLC SAYS CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

Netflix Announces Proposed $2.0 Bln Offering Of Senior Notes
Monday, 22 Oct 2018 09:00am EDT 

Oct 22 (Reuters) - Netflix Inc ::NETFLIX ANNOUNCES PROPOSED $2.0 BILLION OFFERING OF SENIOR NOTES.NETFLIX INC - INTENDS TO OFFER ABOUT $2.0 BILLION PRINCIPAL AMOUNT OF U.S. DOLLAR DENOMINATED AND EURO DENOMINATED SENIOR UNSECURED NOTES IN TWO SERIES.NETFLIX - INTENDS TO USE PROCEEDS FROM OFFERING FOR GENERAL CORPORATE PURPOSES, WHICH MAY INCLUDE CONTENT ACQUISITIONS, PRODUCTION AND DEVELOPMENT.NETFLIX - TO USE NET PROCEEDS FROM OFFERING FOR GENERAL CORPORATE PURPOSES, WHICH MAY INCLUDE CONTENT ACQUISITIONS, PRODUCTION, AMONG OTHERS.NETFLIX INC - INTENDS TO OFFER NOTES THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS.  Full Article

easyGroup's Stelios Haji-Ioannou Issues Statement On Netflix Lawsuit
Monday, 1 Oct 2018 10:12am EDT 

Oct 1 (Reuters) - :EASYGROUP'S STELIOS HAJI-IOANNOU, ON NETFLIX LAWSUIT, SAYS THEY OWN EUROPEAN TRADEMARK IN WORD 'EASY'; CAN'T ALLOW PEOPLE TO USE IT AS BRAND NAME.  Full Article

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Netflix shares fall as weak forecast dampens investor optimism

Shares of Netflix Inc fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter. | Video