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Netflix Inc (NFLX.OQ)

NFLX.OQ on NASDAQ Stock Exchange Global Select Market

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19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

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

Sky Plc Says Netflix To Come On Sky Q In November
Wednesday, 19 Sep 2018 02:26am EDT 

Sept 19 (Reuters) - Sky Plc ::SKY PLC SAYS IN NOVEMBER, NETFLIX IS COMING TO SKY Q, WITH IT A NEW SKY SUBSCRIPTION PACK: ULTIMATE ON DEMAND.ULTIMATE ON DEMAND WILL BRING TOGETHER SKY BOX SETS AND FULL NETFLIX SERVICE.ULTIMATE ON DEMAND WILL BE £10 A MONTH FOR ALL NEW AND EXISTING CUSTOMERS.  Full Article

Vernā Myers Joins Netflix As Vice President, Inclusion Strategy
Wednesday, 29 Aug 2018 11:00am EDT 

Aug 29 (Reuters) - Netflix Inc ::VERNĀ MYERS JOINS NETFLIX AS VICE PRESIDENT, INCLUSION STRATEGY.  Full Article

David Wells To Step Down As Netflix Chief Financial Officer
Monday, 13 Aug 2018 09:00am EDT 

Aug 13 (Reuters) - Netflix Inc ::DAVID WELLS TO STEP DOWN AS NETFLIX CHIEF FINANCIAL OFFICER.DAVID WELLS TO STEP DOWN AS NETFLIX CHIEF FINANCIAL OFFICER.NETFLIX INC - WELLS INTENDS TO STAY UNTIL HIS SUCCESSOR TAKES ROLE TO ENSURE A SMOOTH TRANSITION.NETFLIX INC - SEARCH FOR NEW CFO WILL INCLUDE BOTH INTERNAL AND EXTERNAL CANDIDATES.  Full Article

SiriusXm Q2 Earnings Per Share $0.06
Wednesday, 25 Jul 2018 07:00am EDT 

July 25 (Reuters) - Sirius Xm Holdings Inc ::SIRIUSXM REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.06.Q2 REVENUE $1.4 BILLION VERSUS I/B/E/S VIEW $1.42 BILLION.Q2 EARNINGS PER SHARE VIEW $0.06 -- THOMSON REUTERS I/B/E/S.COMPANY INCREASES 2018 GUIDANCE FOR SELF-PAY SUBSCRIBERS, REVENUE AND ADJUSTED EBITDA.SIRIUSXM ADDS 483,000 NET NEW SELF-PAY SUBSCRIBERS IN QUARTER.SEES 2018 SELF-PAY NET SUBSCRIBER ADDITIONS OF APPROXIMATELY 1.15 MILLION.SEES 2018 FREE CASH FLOW OF APPROXIMATELY $1.5 BILLION.SEES 2018 REVENUE OVER $5.7 BILLION.SEES 2018 ADJUSTED EBITDA OF APPROXIMATELY $2.175 BILLION.FY2018 REVENUE VIEW $5.75 BILLION -- THOMSON REUTERS I/B/E/S."LAST WEEK WE ANNOUNCED WE WILL BRING SUBSCRIBERS AN EXCLUSIVE NEW COMEDY CHANNEL CREATED WITH NETFLIX".QTRLY ARPU $13.30 VERSUS $13.22.NET INCOME IN Q2 INCLUDED $86 MILLION UNREALIZED GAIN ASSOCIATED WITH CHANGE IN FAIR VALUE OF CO'S PANDORA INVESTMENT.  Full Article

Netflix Sees 4.35 Mln International Streaming Net Adds In Q3
Monday, 16 Jul 2018 04:53pm EDT 

July 16 (Reuters) - Netflix Inc ::SAYS SEES 0.65 MILLION U.S. STREAMING NET ADDITIONS IN Q3.SAYS SEES 5 MILLION TOTAL STREAMING NET ADDITIONS IN Q3.SAYS ANTICIPATE WE’LL CONTINUE TO FINANCE CAPITAL NEEDS IN HIGH YIELD MARKET.SAYS SEES Q3 TOTAL STREAMING REVENUE $3,900 MILLION.SAYS "WE HAD A STRONG BUT NOT STELLAR Q2, ENDING WITH 130 MILLION MEMBERSHIPS".SAYS SEES 4.35 MILLION INTERNATIONAL STREAMING NET ADDITIONS IN Q3.SAYS ANTICIPATE MORE COMPETITION FROM COMBINED AT&T/WARNER MEDIA, FROM COMBINED FOX/DISNEY OR FOX/COMCAST AS WELL AS FROM INTERNATIONAL PLAYERS.SAYS CONTINUE TO ANTICIPATE FREE CASH FLOW OF NEGATIVE $3 BILLION TO NEGATIVE $4 BILLION FOR THE FULL YEAR 2018.SAYS CONTINUE TO EXPECT STEADY GROWTH IN OPERATING MARGIN IN 2019 AND BEYOND.SAYS "THIS Q2, WE OVER-FORECASTED GLOBAL NET ADDITIONS WHICH AMOUNTED TO 5.2M VERSUS. A FORECAST OF 6.2M".SAYS FOR FY 2018, CURRENT F/X RATES HAVE PUSHED EXPECTATIONS ON OPERATING MARGIN TO BE NEAR THE LOWER END OF 10-11% TARGET RANGE.SAYS CURRENCY HAD $65 MILLION POSITIVE IMPACT ON INTERNATIONAL REVENUE, "BUT THIS POSITIVE IMPACT WAS SMALLER THAN WE HAD FORECAST 90 DAYS AGO".SAYS "WE’LL MOVE MORE OF OUR OPERATING COSTS TO NON-USD TO PROVIDE A LITTLE MORE NATURAL HEDGING".SAYS WILL TEND TO OUTPERFORM NEAR TERM OPERATING MARGIN TARGETS ON DOLLAR WEAKNESS AND UNDERPERFORM ON DOLLAR STRENGTH.SAYS "WE’LL STILL CONTINUE TO HAVE MUCH MORE EXPENSE IN USD THAN REVENUE".  Full Article

Netflix Spokesperson Confirms That Chief Communications Officer Jonathan Friedland Is Leaving Netflix
Friday, 22 Jun 2018 05:23pm EDT 

June 22 (Reuters) - Netflix Inc ::NETFLIX SPOKESPERSON - CAN CONFIRM THAT CHIEF COMMUNICATIONS OFFICER JONATHAN FRIEDLAND IS LEAVING NETFLIX.  Full Article

Netflix's Friedland tweets "was insensitive in speaking to my team about words that offend in comedy"
Friday, 22 Jun 2018 05:05pm EDT 

June 22 (Reuters) - :NETFLIX CHIEF COMMUNICATIONS OFFICER JONATHAN FRIEDLAND SAYS "I’M LEAVING NETFLIX AFTER SEVEN YEARS" - TWEET.NETFLIX'S FRIEDLAND TWEETS "LEADERS HAVE TO BE BEYOND REPROACH IN THE EXAMPLE WE SET AND UNFORTUNATELY I FELL SHORT OF THAT STANDARD".NETFLIX'S CHIEF COMMUNICATIONS OFFICER JONATHAN FRIEDLAND TWEETS "I WAS INSENSITIVE IN SPEAKING TO MY TEAM ABOUT WORDS THAT OFFEND IN COMEDY".  Full Article

Spain's Telefonica To Integrate Netflix Into Its TV And Video Platforms In Latin America
Thursday, 24 May 2018 10:39am EDT 

May 24 (Reuters) - Telefonica ::TO INTEGRATE NETFLIX INTO ITS TV AND VIDEO PLATFORMS IN LATIN AMERICA.PLANS TO LAUNCH NETFLIX INTEGRATION IN SPAIN AT THE END OF 2018.  Full Article

Tiger Global Management Reports Stake In Iqiyi, Sea Ltd
Tuesday, 15 May 2018 02:54pm EDT 

May 16 (Reuters) - Tiger Global Management LLC::TIGER GLOBAL MANAGEMENT REPORTS STAKE OF 1 MILLION SPONSORED ADS IN IQIYI INC.TIGER GLOBAL MANAGEMENT LLC UPS SHARE STAKE IN NETFLIX INC BY 23.0 PERCENT TO 2.2 MILLION SHARES.TIGER GLOBAL MANAGEMENT LLC REPORTS STAKE OF 2.3 MILLION ADRS IN SEA LTD.TIGER GLOBAL MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

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With market on edge, investors look to tech trio

SAN FRANCISCO The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.