Netflix subscribers growth exceeded forecasts

Netflix announced the financial results of the IV quarter. Subscriber growth was 8.8 million subscribers, while analysts and Netflix had expected growth of 7.6 million. The company's revenue did not reach its own projected figures of $4.20 billion and amounted to $4.19 billion, although, according to Netflix, the key indicator of growth is the subscriber base. Wall Street analysts had expected a profit of $4.21 billion and $0.24 per share. According to own forecasts, Netflix should have reached $0.23 per share. Earnings per share were $0.3. The number of paid subscribers grew by 50% last year thanks to the company's international segment. In 2020, Netflix will remain the market leader, and the subscriber base in foreign countries will exceed 160 million. A few days after the financial results were announced, Netflix announced new subscription prices. The company offers three tariffs: initial, standard and premium. The initial tariff remained at the level of $8.99 per year, the standard and premium tariffs went up by 18% and 14%. Before the price increase, they cost $10.99 and $13.99. Now, subscribers can watch content in the maximum available quality for $12.99 and $15.99. After the publication of news about the growth in price of subscription, Netflix shares fell by 4%, although since the beginning of the year their price has increased by 32%.  

Related news

The confidence of German entrepreneurs in the country's economy grew in March

The German entrepreneur confidence index was 99.6 points in March, having risen from 98.7 points in February, the Ifo Institute reported. The index showed growth for the first time after a six-month decline and turned out to be better than ...

Citigroup improved its forecast for the average annual price of Brent for 2019

In the March review, Citigroup improved its forecast for the average annual price of Brent crude for the current year from $64 to $70 per barrel, Bloomberg reported. Citigroup experts expect that in the second quarter, this sort of oil will ...

Qatar Airways has postponed the delivery of the Boeing 737 MAX

Airline Qatar Airways decided not to replenish its fleet with Boeing 737 MAX airliners in April of this year, announcing the cancellation of the planned delivery until the reasons for the crash of this plane in Ethiopia were determined. As ...

The head of the Federal Reserve Bank of Chicago notes a slowdown in the US economy, but considers a recession unlikely

The head of the Federal Reserve Bank of Chicago, Charles Evans, in an interview with CNBC during the Asian Investment Conference, Credit Suisse, commented on financial market concerns about the inverted yield curve. He noted that the flat yield ...

OPEC + countries canceled April meeting in Vienna

The member countries of the OPEC + agreement to reduce oil production have made a formal decision to cancel the ministerial meeting scheduled for April in Vienna. This was reported to Bloomberg by OPEC delegates who wished to be unnamed. According ...
Get in touch with us