Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer's Response to Netflix's Earnings

Video Credit: The Street - Duration: 01:23s - Published < > Embed
Jim Cramer's Response to Netflix's Earnings

Jim Cramer's Response to Netflix's Earnings

Netflix said it added 9.6 million paid streaming subscribers in the first quarter, beating guidance of 8.9 million, but its outlook for the second quarter disappointed.

First-quarter earnings of 76 cents a share rose from year-earlier profit of 64 cents.

Revenue jumped to $4.5 billion from $3.7 billion a year earlier.

Analysts were forecasting earnings of 58 cents a share on revenue of $4.5 billion.

Netflix said it expects to add 5 million paid subscribers in the second quarter, an 8% decline from a year earlier, with 300,000 new subscribers in the U.S. and 4.7 million new subscribers internationally.

Analysts were calling for 5.5 million paid new subscribers.

In addition, Netflix said its expects revenue in the quarter of $4.93 billion, slightly below consensus, while earnings were forecast at 55 cents a share, well below expectations of 99 cents.

The company said it expects to see "some modest short-term churn effect as members consent" to the company's recently announced price changes.

While U.S. net adds were seemingly unaffected by the change, the international market may be less forgiving.

To combat this, the company said it was "looking forward to a strong slate of global content in the second half of the year." Related.

Why Apple May Have Decided to Settle With Qualcomm Now

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer: Why Canopy Growth Is Spending Like 'Mad' [Video]Jim Cramer: Why Canopy Growth Is Spending Like 'Mad'

Let's take a look at Real Money Stock of the Day Canopy Growth . The company reported earnings after the bell Thursday. The company posted better-than-expected fiscal fourth-quarter revenue but..

Credit: The Street     Duration: 02:01Published

Jim Cramer's Breaking Down Gold, Oil, Slack and Canopy Growth [Video]Jim Cramer's Breaking Down Gold, Oil, Slack and Canopy Growth

It's Friday, Friday, Friday. Jim Cramer weighs in on the surges in gold and oil, Slack's first full day as a public company and Canopy Growth's earnings report. Markets In case you missed it... On..

Credit: The Street     Duration: 05:22Published

Jim Cramer's Breaking Down the Jobs Report, Beyond Meat and Zoom's Earnings [Video]Jim Cramer's Breaking Down the Jobs Report, Beyond Meat and Zoom's Earnings

What's going on in the markets? Jim Cramer breaks down some of the biggest stories driving the markets Friday. The Jobs Report The jobs report number came in shy of expectations. The U.S. economy was..

Credit: The Street     Duration: 09:21Published

Jim Cramer Weighs In on Salesforce Earnings, Tim Cook's Comments and the Markets [Video]Jim Cramer Weighs In on Salesforce Earnings, Tim Cook's Comments and the Markets

Here's what you need to know about the markets Wednesday. Are the Markets Ready For a Fed Rate Cut? The simple answer? Yes, apparently. The market closed up over 500 points Tuesday and opened in the..

Credit: The Street     Duration: 11:28Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.