Netflix boosts subscriber numbers to nearly 140 million

Ajustar Comentario Impresión

But the vast majority of Wall Street analysts were bullish following the report.

"Strong 4Q & Early 1Q Sub Momentum Confirmed, Offset Modestly by Price Increase", analysts led by Doug Anmuth wrote.

Lifts price target to $320 from $300, and boosts Ebitda forecasts for both 2019 and 2020.

Netflix stock was down 1.9% to $346.56 in Friday's premarket session. Since Christmas, the rate has risen by more than 50 percent. The streamer estimated it would add 8.9 million paid subscribers globally, well above Wall Street estimates of 8.5 million. One obvious solution is to increase the price of a monthly subscription, something Netflix did just a few days ago.

Fourth-quarter profit fell to $134m from the year earlier's $186m, the company said.

In the previous quarter, ended December, Netflix's revenue was placed at $4.19 billion whereas Wall Street had forecast the company's revenue at $4.21 billion.

George Salmon, analyst at Hargreaves Lansdown, said he expected Netflix subscribers to swallow the higher fees. In order to defend its position as the world's most popular streaming platform, the company has been investing heavily in original and licensed content.

"Overall, 2019's off to a positive start", he said in a note. Netflix arrived at that number by looking at how many hours of video it serves to TV screens every day in the USA, which it pegs at 100 million.

In a statement, Netflix said its free cash flow deficit increased to 1.32 billion dollars in the fourth quarter, bringing its cash burn up to 3 billion dollars for the full year in 2018.

Netflix added 781 hours of original programming in the United States and expects to spend $3bn this year to acquire the rights to programmes and produce more of its own content. Despite expectations for continued growth, it's hard to model notable upside to current expectations unless the trajectory of investment efficiency changes.

Watch Netflix trade live here.

Needham: Beginning Of The End?

Although it wasn't the answer she wanted, Morin says she's still satisfied that Netflix is sensitive to the recovery of her citizens, many of whom are suffering post-traumatic stress.

Pond 5 footage of the crash was also used in Netflix's "Travelers". The bar had, of course, also high, because the Netflix stock has gained in the recent period to a considerable value.

Global streaming behemoth Netflix is setting sights away from second run content as competitors ramp up their own services.

Meanwhile, the competitive landscape in the streaming video space continues to ramp and it remains unclear what impact this will have on Netflix's pricing power and engagement trends. The company's stock rose on the news, and analysts noted that the subscription cost is still lower than that of Hulu.