Jul 18 2018
Shares of Netflix plunged more than 13% Monday after the streaming giant reported second-quarter subscriber growth that missed Wall Street expectations.
Netflix said it added just 670,000 subscribers in the USA for the period ending in June, about half of its own projection of 1.2 million.
Membership in the quarter grew 5.2 million to a total o 130 million, matching the same period past year but a million shy of what Netflix forecast, according to a letter released along with earnings figures. Currency had a +$65 million impact on worldwide revenue year over year (+13% global ASP growth on a FX neutral basis), but this positive impact was smaller than we had forecast 90 days ago as the U.S. dollar strengthened meaningfully against many currencies since our Q1'18 earnings report in April.
"The quarter is a reminder that Netflix's cadence of net adds is not linear, but lumpy in nature", said Justin Patterson, an analyst with Raymond James and Associates in San Francisco, while pointing to the absence of a new hit series as a driver.
"Simply stated, we don't see any potential for Netflix to deliver operating leverage on its content investment until the company is able to create a sufficient quantity of high-quality owned original programming to allow it to grow its content spending more slowly", Pachter said in a report.
Netflix's outlook for the current quarter also reflected a deceleration: The world's largest paid online TV network expects to add 5 million customers, a slower pace than a year earlier.
Trump unfazed by GOP criticism, says Putin meeting was great
Chuck Hagel, a former senator and defense secretary, said that Trump "failed America" in the press conference. Putin's "extremely strong and powerful" denial that Russian Federation meddled in the USA election.
Olivia Colman as Queen Elizabeth in The Crown season 3
Olivia replaces the utterly brilliant Claire Foy as Lizzie, a role which bagged her a Golden Globe for the Netflix series in 2017. But as for what we do know: today, Netflix released the first image of Colman as Her Majesty, and it is pretty much ideal .
Kim Jong Un wants to meet Donald Trump in Switzerland
He said he expects North Korea to be ready to " fill in some details " of the commitments made by Mr Kim in Singapore. From left, Lisa Kenna, Alex Wong, Mike Pompeo, Sung Kim , and Allison Hooker in Pyongyang, North Korea, July 6, 2018.
As of June 30, Netflix had 130 million subscribers, including 57.4 million in the US.
In a letter to shareholders, Netflix acknowledged the miss: "We had a strong but not stellar Q2", the statement said. The company has said it plans to spend $14 billion on shows and movies this year.
The news of just 5.2 million total subscriber adds was especially pointed for Wall Street given Netflix's addition of 7.4 million in the first quarter, well ahead of the 6.5 million projected then. Revenue rose 5.6 percent, to $3.91 billion. However, the company took the opportunity to brag about overtaking HBO in the Emmy nomination race this year, breaking the latter's 17-year run.
Netflix is expected to face increasing competition in the next year or two.
He added the expectation that despite the weaker-than-expected results, the company was expected to continue to be the leading video streaming service across the US.
Jul 17 2018
British royal family releases official photos of Prince Louis' christening
Princess Charlotte nearly stole the show - again - by affectionately holding her baby brother's hand during the shoot. The four official photos were taken at Clarence House in London after Louis was baptized in the chapel at St.
Jul 15 2018
Trump hits the links at his Scottish golf resort
Replying to that, Trump blamed former US President Barack Obama for not doing enough at the time to respond to the crisis. Putin as it seems to be, a meeting between the Russian President and his counterpart could not be more concerning", Sen.
Jul 15 2018
De Bruyne & Kompany shine as Belgium finish third
Belgium , meanwhile, have kept largely with their strongest team as manager Roberto Martinez aims to end the tournament on a high. Beating Belgium on Saturday would give England their best World Cup finish since then, surpassing fourth place in Italy in 1990.
Jul 13 2018
Trump tweets 'very nice' letter from North Korea's Kim
During an official visit to Britain, Trump posted images of the Korean-language letter from Kim and its English translation. President ", ( five times) and describes the June 12 meeting of the two leaders as " the start of a meaningful journey ".
Jul 11 2018
Trump has no clue how North Atlantic Treaty Organisation funding works
And I think you can have no doubt, Mr President, that this is an investment in common American and European defence and security. The hint of USA withdrawal from Europe, while unlikely, indeed seems to have made many countries hike their defense spending.
Jul 11 2018
Juan Martin Del Potro scraps past Simon to set up Nadal clash
The 36-year-old is also on a streak of 32 consecutive sets won at the tournament, just two off his record. If his big serve - which has blasted 96 aces in four matches - kicks in, Federer could be in trouble.
Jul 08 2018
Iran says Trump 'destabilising' oil market
Opec, together with a group of non-Opec producers led by Russian Federation , reduced output in 2017 to prop up the market. Trump late on Wednesday accused the Organization of Petroleum Exporting Countries (OPEC) of driving up fuel prices.
Jul 08 2018
The unintended consequences of Trump’s trade war with China
Part of his plan is to radically change how U.S. trade deals work and to focus on protecting the domestic economy. The administration accuses China of using predatory practices in a push to overtake US technological dominance.
Jul 06 2018
His Montana rally reveals Trump’s emerging midterm campaign strategy
Trump and Warren have waged repeated Twitter wars over the past two years, which seem to play well with their partisan bases. Trump said Kennedy had chose to leave the High Court because he knew the president would pick a stellar replacement.
Jul 05 2018
Thibaut Courtois mocks Jordan Pickford for being too short
England captain Harry Kane celebrates scoring a goal against Colombia at the Football World Cup in Russian Federation . That included Dier himself, who sought to involve himself in the melee of England players on the Moscow pitch.
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