Netflix is Full of Subscribers But Considered Chilly Side Forecasts
The US online video service Netflix (NFLX), facing increasing competition, has garnered almost 10 million new subscribers in the first quarter, now more than 148 million worldwide, but its forecasts have disappointed.
By far the leader of the sector, he will in a few months in particular face Apple, but especially the mastodon Disney that will launch its platform, cheaper than Netflix, responsible for blockbuster in November in the United States.
Netflix nonetheless assured Tuesday that their arrival should not have “significant” effects on its growth, because the streaming market is huge and their catalogs will be different.
Netflix had exactly 148,86 million paying subscribers in the world at the end of March, a little more than its own expectations. Of the 9.6 million additional subscribers, 1.74 million were in the United States and 7.86 in the rest of the world.
He also posted a net profit of 344 million dollars (+ 18.6%). Reported per share, the profit came out at 76 cents.
The earnings per share forecast for the second quarter (55 cents) is below analysts’ expectations: the Netflix stock also declined 1.4% to 16:55 in electronic trading after the closing of Wall Street.
At $ 4.52 billion, sales are in line with market expectations.
For the current quarter, Netflix anticipates an additional 5 million subscribers, mostly acquired outside the United States.
Netflix has just raised its prices. It must invest billions of dollars every year now in original content, the sinews of the war to attract consumers.