Edition:
India

Netflix Inc (NFLX.OQ)

NFLX.OQ on NASDAQ Stock Exchange Global Select Market

360.35USD
18 Apr 2019
Change (% chg)

$5.61 (+1.58%)
Prev Close
$354.74
Open
$355.00
Day's High
$360.40
Day's Low
$351.66
Volume
2,135,230
Avg. Vol
2,487,768
52-wk High
$423.15
52-wk Low
$231.32

Latest Key Developments (Source: Significant Developments)

Governor Cuomo Announces Netflix Will Expand New York Presence With New Production Hub In New York City
Thursday, 18 Apr 2019 

April 18 (Reuters) - Governor Andrew Cuomo::GOVERNOR CUOMO ANNOUNCES NETFLIX WILL EXPAND NEW YORK PRESENCE WITH NEW PRODUCTION HUB IN NEW YORK CITY.GOVERNOR ANDREW CUOMO - NETFLIX'S NEW PRODUCTION HUB INCLUDES OFFICE IN MANHATTAN THAT WILL CREATE 127 CONTENT, MARKETING & PRODUCTION JOBS BY 2024.GOVERNOR ANDREW CUOMO - NETFLIX WILL EXPAND ITS PRESENCE IN NEW YORK AND MAKE UP TO $100 MILLION IN INVESTMENTS TO THE CITY.GOVERNOR CUOMO - EMPIRE STATE DEVELOPMENT OFFERED NETFLIX UP TO $4 MILLION IN PERFORMANCE-BASED EXCELSIOR TAX CREDITS OVER 10 YEARS, TIED TO REAL JOB CREATION.  Full Article

Netflix Says Entered Into Amendment Agreement With Morgan Stanley Senior Funding, Lenders
Tuesday, 2 Apr 2019 

April 1 (Reuters) - Netflix Inc ::NETFLIX SAYS ON MARCH 29, CO ENTERED INTO A FIRST AMENDMENT AGREEMENT WITH MORGAN STANLEY SENIOR FUNDING, LENDERS - SEC FILING.NETFLIX - AMENDMENT PROVIDES FOR AN EXTENSION OF THE MATURITY DATE OF THE LOANS FROM JULY 27, 2022 TO MARCH 29, 2024.NETFLIX INC - AMENDMENT INCREASES THE SIZE OF THE LENDER’S COMMITMENTS FROM $500 MILLION TO $750 MILLION.  Full Article

Netflix Signs Multi-year Agreements To Produce And Distribute Anime- Nikkei, Citing Sources
Tuesday, 12 Mar 2019 

March 12 (Reuters) - NIKKEI::NETFLIX TIES UP WITH TOKYO-BASED ANIMA, SUBLIMATION AND DAVID PRODUCTION TO MAKE ANIME VERSIONS OF PROPERTIES POPULAR IN JAPAN - NIKKEI CITING SOURCES.NETFLIX SIGNS MULTIYEAR AGREEMENTS TO PRODUCE AND DISTRIBUTE ORIGINAL ANIME FOR WORLDWIDE RELEASE IN 2 TO 3 YEARS- NIKKEI.  Full Article

Soros Fund Management Dissolves Share Stake In Netflix, Microsoft, Qualcomm
Friday, 15 Feb 2019 

Feb 14 (Reuters) - Soros Fund Management LLC::SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN ACTIVISION BLIZZARD INC - SEC FILING.SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN ADVANCED MICRO DEVICES INC.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN ALIBABA GROUP HOLDING LTD.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN NETFLIX INC.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN MICROSOFT CORP.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN MICRON TECHNOLOGY INC.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN QUALCOMM INC.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN SPOTIFY TECHNOLOGY SA.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN SVMK INC.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Tiger Global Management Cuts Share Stake In Netflix, Ups In Adobe
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Tiger Global Management::TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN NETFLIX INC BY 31.5 PERCENT TO 1.5 MILLION SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN VISA TO 163,000 SHARES FROM 793,000 SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN DOMINO'S PIZZA BY 11.1 PERCENT TO 1.9 MILLION SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN AUTODESK BY 62.1 PERCENT TO 879,000 SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN UXIN LTD BY 25.9 PERCENT TO 19 MILLION ADS - SEC FILING.TIGER GLOBAL MANAGEMENT UPS SHARE STAKE IN ADOBE BY 97.4 PERCENT TO ABOUT 1 MILLION SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT CUTS SHARE STAKE IN BOOKING HOLDINGS BY 31.7 PERCENT TO 451,223 SHARES - SEC FILING.TIGER GLOBAL MANAGEMENT SAYS CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Netflix Posts Qtrly EPS OF $0.30
Friday, 18 Jan 2019 

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 

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 

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 

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 

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

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.