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Netflix Inc (NFLX.OQ)

NFLX.OQ on NASDAQ Stock Exchange Global Select Market

196.32USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Tiger Global Management ups stake in Netflix, takes stake in Roku
Tuesday, 14 Nov 2017 03:08pm EST 

Nov 14 (Reuters) - Tiger Global Management::Tiger Global Management takes share stake of 1.5 million class A shares in Roku Inc - Sec filing‍​.Tiger Global Management ups share stake in Netflix to 3.1 million shares from 376,400 shares.Tiger Global Management takes share stake of 30.2 million shares in Despegar.com.Tiger Global Management dissolves share stake in On Deck Capital Inc.Tiger Global Management dissolves share stake in American Tower Corp.Tiger Global Management ups share stake in Fiat Chrysler Automobiles by 18.5 percent to 24.8 million.Tiger Global Management - change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Comcast says introducing Netflix in 4K on Xfinity X1
Tuesday, 31 Oct 2017 12:00pm EDT 

Oct 31 (Reuters) - Comcast Corp ::Comcast introduces Netflix in 4K on Xfinity X1.Aannounced availability of Netflix Ultra HD (UHD) 4K programming on Xfinity X1​.  Full Article

Netflix prices $1.6 bln offering of senior notes
Monday, 23 Oct 2017 06:58pm EDT 

Oct 23 (Reuters) - Netflix Inc ::Netflix prices $1.6 billion offering of senior notes.Says ‍announced pricing of an offering of $1.6 billion aggregate principal amount of 4.875% senior notes due 2028​.  Full Article

Netflix announces proposed $1.6 billion offering of senior notes
Monday, 23 Oct 2017 08:00am EDT 

Oct 23 (Reuters) - Netflix Inc :Netflix announces proposed $1.6 billion offering of senior notes.Netflix Inc - ‍intends to use net proceeds from offering for general corporate purposes​.Netflix - ‍interest rate, redemption provisions, maturity date and other terms will be determined by negotiations between co, initial purchasers​.  Full Article

Netflix Inc reports quarterly earnings per share $0.29
Monday, 16 Oct 2017 04:27pm EDT 

Oct 16 (Reuters) - Netflix Inc ::Quarterly total earnings per share $0.29.Quarterly revenue $2.99 billion versus $2.29 billion.Quarterly total streaming net additions were 5.30 million versus co's forecast of 4.4 million.4.45 million international streaming net additions in quarter versus co's forecast of 3.65 million.0.85 million U.S. streaming net additions in quarter versus co's forecast of 0.75 million.Sees Q4 total earnings per share $0.41‍​.Sees Q4 revenue $3.27 billion.Sees 6.30 million total streaming net additions in Q4.Sees Q4 total streaming revenue $3,169 million.Sees 5.05‍​ million international streaming net additions in Q4.Sees 1.25 million U.S. streaming net additions in Q4.Says on track to exceed $11 billion in revenue in 2017.Q3 earnings per share view $0.32, revenue view $2.97 billion -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.33, revenue view $3.15 billion -- Thomson Reuters I/B/E/S.Says free cash flow in Q3 totaled negative $465 million versus negative $506 million last year and negative $608 million in Q2'17‍​‍​.Says there is no change to our expectation for free cash flow for the full year 2017‍​.Says "as we move into 2018, we aim to achieve steady improvement in international profitability and a growing operating margin‍​".Says existing members will be notified of recently announced price adjustments and prices will be adjusted on rolling basis over next few months.Says we'll spend $7 billion-$8 billion on content (on a P&L basis) in 2018.  Full Article

Netflix says no tax deals were part of approval for launch of Netflix Canada‍​
Tuesday, 10 Oct 2017 06:22am EDT 

Oct 10 (Reuters) - Netflix Inc : :Netflix says no tax deals were part of approval for launch of Netflix Canada and investment in movies, tv shows produced in Canada.Netflix says recent subscription price increase "has nothing to do with our investment or commitments" .  Full Article

Moody's comments on traditional US TV companies in light of current consumer preference
Tuesday, 19 Sep 2017 12:06pm EDT 

Sept 19 (Reuters) - Moody's::Moody's says time running out for traditional U.S. TV companies to come up with plan to "reconstruct" industry based on current consumer preferences‍​‍​.‍Moody's says US cable, broadcast networks, stations will need to offset subscriber, ad revenue losses with subscriber, ad growth on new platforms​.Moody's says there is clear evidence greater choice of platforms, stronger viewer preferences, resulting in lower ratings, fewer households with subscriptions to pay-TV‍​.  Full Article

Netflix says co and Orange renewed agreement for distribution of Netflix for Orange TV customers in France‍​
Thursday, 14 Sep 2017 08:24am EDT 

Sept 14 (Reuters) - Netflix Inc :Netflix Inc says co and Orange renewed agreement signed in 2014 for distribution of Netflix for Orange TV customers in France‍​.Netflix Inc says co and Orange also have expanded their partnership to all countries in which Orange Group is present.Netflix Inc says Netflix will be offered to Orange Poland customers in coming months as part of its TV offers; other launches will follow in 2018.  Full Article

Netflix CFO says the momentum of shift to internet entertainment pick up steam, helping drive our growth
Tuesday, 12 Sep 2017 11:45am EDT 

Sept 12 (Reuters) - Netflix Inc : :We're seeing the momentum of shift to internet entertainment pick up steam, that's helping drive our growth,- CFO, Conf call.Going forward, in future, we might be at a point where we might start seeing more budget constraint- CFO, Conf call.Disney continues to be a great partner and will be and vice versa, I think, for them or us- CFO, Conf call.Disney's decision was quite anticipated a little bit on both sides maybe a little bit of surprise on Shonda- CFO, Conf call.We would love to get to investment grade, but we're not going to sacrifice long-term value of business to get there- CFO.We are very close to free cash flow positive- CFO, Conf call.So for sure, more partnerships going forward- CFO, Conf call.We don't see less demand associated with the higher price- CFO, Conf call.  Full Article

T-Mobile offers free Netflix to some family plan customers
Wednesday, 6 Sep 2017 11:05am EDT 

Sept 6 (Reuters) - T-Mobile US Inc::Announces exclusive partnership with Netflix; T-Mobile ONE family plans will now come with Netflix at no extra charge.Announces starting Tuesday, September 12th, qualifying T-Mobile ONE customers can activate their Netflix subscription online.T-Mobile ONE with unlimited everything, with Netflix included, is still $40 per line for a family of four.Netflix On Us not expected to impact previously announced company guidance or expectations​​.  Full Article