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Netflix Inc (NFLX.OQ)

NFLX.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Netflix Sees Q2 Earnings Per Share of $0.79
Tuesday, 17 Apr 2018 

April 16 (Reuters) - Netflix Inc ::SEES Q2 EARNINGS PER SHARE $0.79.SEES Q2 REVENUE $3,934 MILLION.Q2 EARNINGS PER SHARE VIEW $0.65, REVENUE VIEW $3.89 BILLION -- THOMSON REUTERS I/B/E/S.SEES 6.2 MILLION TOTAL STREAMING NET ADDITIONS IN Q2.SEES 5 MILLION INTERNATIONAL STREAMING NET ADDITIONS IN Q2 2018.SEES 1.20 MILLION U.S. STREAMING NET ADDITIONS IN Q2.SEES Q2 TOTAL STREAMING REVENUE $3,841 MILLION.QUARTERLY EARNINGS PER SHARE INCLUDED $41 MILLION NON-CASH UNREALIZED LOSS FROM F/X REMEASUREMENT ON EUROBOND."WE HAVE ABOUT $2.6 BILLION IN CASH AND WE WILL CONTINUE TO RAISE DEBT AS NEEDED TO FUND OUR INCREASE IN ORIGINAL CONTENT".CONTINUE TO FORECAST FREE CASH FLOW OF -$3 BILLION TO -$4 BILLION IN 2018, AND TO BE FREE CASH FLOW NEGATIVE FOR SEVERAL MORE YEARS.SAYS INTERNATIONAL SEGMENT NOW ACCOUNTS FOR 50 PERCENT OF REVENUE AND 55% OF MEMBERSHIPS.SAYS Q2 OPERATING MARGIN IS EXPECTED TO BE 12 PERCENT.FREE CASH FLOW IN Q1 WAS NEGATIVE $287 MILLION; LESS NEGATIVE THAN CO EXPECTED DUE TO CONTENT PAYMENT TIMING DIFFERENCES.NETFLIX SAYS WILL HAVE $7.5 BILLION - $8 BILLION OF CONTENT EXPENSE (ON A P&L BASIS) IN 2018 ACROSS A WIDE VARIETY OF FORMATS.SAYS NOW TARGETING A FULL YEAR OPERATING MARGIN OF 10 PERCENT - 11 PERCENT.SAYS CONTINUE TO ANTICIPATE CONTENT AND MARKETING SPEND TO BE WEIGHTED TOWARDS THE SECOND HALF OF 2018.  Full Article

Comcast And Netflix Expand Partnership Following Successful Xfinity X1 Integration
Friday, 13 Apr 2018 

April 13 (Reuters) - Comcast Corp - Netflix ::COMCAST AND NETFLIX EXPAND PARTNERSHIP FOLLOWING SUCCESSFUL XFINITY X1 INTEGRATION.COMCAST TO OFFER NEW AND INNOVATIVE XFINITY PACKAGES INCLUDING NETFLIX SUBSCRIPTION.WILL LAUNCH A VARIETY OF INITIAL OFFERS THIS MONTH THAT INCLUDE A NETFLIX SUBSCRIPTION.RELATED BILLING WILL BE HANDLED DIRECTLY BY COMCAST.UNDER DEAL OFFERS & AVAILABILITY WILL VARY BY MARKET AND BE OPEN TO NEW AND EXISTING CUSTOMERS.  Full Article

Netflix reports Qtrly Earnings Per Share Of $0.41
Tuesday, 23 Jan 2018 

Jan 22 (Reuters) - Netflix Inc ::QTRLY EARNINGS PER SHARE $0.41.6.36 MILLION INTERNATIONAL STREAMING NET ADDITIONS IN QUARTER VERSUS CO’S FORECAST OF 5.05 MILLION.SEES Q1 EARNINGS PER SHARE $0.63.8.33 MILLION TOTAL STREAMING NET ADDITIONS IN QUARTER VERSUS CO’S FORECAST OF 6.30 MILLION.QTRLY REVENUE $3.29 BILLION VERSUS $2.48 BILLION.SEES 4.90 MILLION INTERNATIONAL STREAMING NET ADDITIONS IN Q1.1.98 MILLION U.S. STREAMING NET ADDITIONS IN QUARTER VERSUS CO’S FORECAST OF 1.25 MILLION.SEES 6.35 MILLION TOTAL STREAMING NET ADDITIONS IN Q1.SEES Q1 REVENUE $3.69 BILLION.SEES 1.45 MILLION U.S. STREAMING NET ADDITIONS IN Q1.SEES Q1 TOTAL STREAMING REVENUE $ 3,587 MILLION.Q4 EARNINGS PER SHARE VIEW $0.41, REVENUE VIEW $3.28 BILLION -- THOMSON REUTERS I/B/E/S.NOW PLAN TO SPEND $7.5-$8.0 BILLION ON CONTENT ON A P&L BASIS IN 2018."WE’LL GROW OUR TECHNOLOGY & DEVELOPMENT INVESTMENT TO ROUGHLY $1.3 BILLION IN 2018".TOOK A $39 MILLION NON-CASH CHARGE IN Q4 FOR UNRELEASED CONTENT CO DECIDED NOT TO MOVE FORWARD WITH.FREE CASH FLOW WILL BE AROUND NEGATIVE $3B-$4B IN 2018‍​."ON THE COMMERCIAL-FREE TECH SIDE, AMAZON STUDIOS IS LIKELY TO BRING IN A STRONG NEW LEADER GIVEN THEIR LARGE CONTENT BUDGET".SAYS‍​ ANTICIPATE CONTINUING TO RAISE CAPITAL IN THE HIGH YIELD MARKET.APPLE IS GROWING ITS PROGRAMMING, WHICH CO PRESUMES WILL EITHER BE BUNDLED WITH APPLE MUSIC OR WITH IOS."WE ANTICIPATE CONTINUING TO RAISE CAPITAL IN THE HIGH YIELD MARKET".  Full Article

Bango Partners With Netflix
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Bango Plc ::PARTNERED WITH NETFLIX TO LAUNCH CARRIER BILLING FOR NETFLIX SUBSCRIPTIONS IN MEXICO​.‍TRADING WAS IN-LINE WITH EXPECTATIONS DURING 2017 AND TOTAL EUS FOR 2017 WAS £271 MLN COMPARED TO £132 MLN FOR 2016​.  Full Article

Netflix Inc says Annual Base Salary For CEO To Be $700,000‍​ in 2018
Friday, 29 Dec 2017 

Dec 28 (Reuters) - Netflix Inc ::NETFLIX INC - ANNUAL BASE SALARY FOR 2018 FOR REED HASTINGS, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD, TO BE $700,000‍​.NETFLIX SAYS CHIEF CONTENT OFFICER TED SARANDOS' 2018 ANNUAL SALARY TO BE $12 MILLION - SEC FILING.NETFLIX INC - ANNUAL SALARY FOR 2018 FOR GREG PETERS, CHIEF PRODUCT OFFICER, TO BE $6 MILLION.NETFLIX INC SAYS CFO DAVID WELLS' ANNUAL SALARY FOR 2018 TO BE $2.8 MILLION.  Full Article

Notorious Pictures Signs Agreement With Netflix For SVoD Distribution Of 32 Films
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - NOTORIOUS PICTURES SPA ::SIGNS AGREEMENT WITH NETFLIX <<>> FOR SUBCRIPTION VIDEO ON DEMAND DISTRIBUTION OF 32 FILMS.CONTRACT LASTS ONE YEAR AND ITS VALUE IS EUR 0.5 MILLION.  Full Article

Tiger Global Management ups stake in Netflix, takes stake in Roku
Wednesday, 15 Nov 2017 

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 

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
Tuesday, 24 Oct 2017 

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 

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

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