Netflix Ups Revenue, Subscribers
A pair of Wall Street firms predict strong results for Netflix, which streams TV shows and movies, when the company reports results for the January-March period Monday. Credit Suisse
said it expects Netflix to post an addition of 1.8 million net domestic subscribers for its online service, close to the high end of Netflix guidance.
J.P. Morgan said the company would report it has 23.4 million streaming domestic subscribers.
Credit Suisse believes Netflix is making strides in putting behind it the damage suffered after a pricing change last year, writing that “the brand continues to recover.”
The firm estimates revenue for the quarter will come in at $824 million, up 17% from the same period the year before, as subscribers are paying more on average. Netflix is predicted to take an operating loss as it expands into the U.K. and Latin America.
Netflix shares were trading in the $106 range midday Friday and Credit Suisse projects a rise to $140. J.P. Morgan, however, was less than bullish, with a price target of $95.
J.P. Morgan warned that Netflix’s streaming rights with Starz have expired and that could impact the company moving forward. Other headwinds include Amazon’s expansion in the online streaming business, RedBox and Verizon moving in and Comcast’s TV Everywhere efforts.
Recent MediaDailyNews Articles
-
Aereo Is Not Just For Cord-Cutters May 23, 6:34 p.m.
Are cord-cutters most likely to subscribe to Aereo? Not necessarily, according to early returns. CEO Chet ... -
Cars.com Drops Flag On NASCAR.com Sponsorship May 23, 6:25 p.m.
Cars.com has a need for speed. The site has a deal with Turner to sponsor a ... -
Worldwide Pay TV On The Rise, Big Growth In Asia May 23, 4:17 p.m.
North American pay TV subscribers may continue to show little or no growth for the first ... -
Activision Blizzard's Campaign Wins Grand Effie May 23, 4:12 p.m.
Video game marketer Activision Blizzards’ ad campaign “The Vet and the nOOb” for "Call of Duty: ... -
Mag Bag: Bonnier, Source Interlink Swap Mags May 23, 4:09 p.m.
Bonnier, Source Interlink Swap Mags Enthusiast publisher Bonnier Corp. continued wheeling and dealing this week with ... -
Madison Avenue Is Mad As Hell, March Mad: Takes More, Not Less Network TV May 23, 7:46 a.m.
Demand for network TV advertising, which had been lagging so far this year, surged in April ... -
NY1 Show Goes National May 22, 7:32 p.m.
Time Warner Cable (TWC) will begin distributing a show about Broadway and theater at large to ... -
TV Model: Nets, Stations Split Retrans 50/50 May 22, 6:02 p.m.
Gray Television CFO Jim Ryan suggested that networks may capture more than half of an affiliate’s ... -
Newspaper, Magazine Ad Fortunes Continue To Decline May 22, 5:59 p.m.
The release of fourth-quarter figures for newspaper advertising and first-quarter figures for magazine ad pages earlier ... -
Equifax Taps Dentsu's 360i As Lead Agency May 22, 5:24 p.m.
Data collection company Equifax has selected Dentsu shop 360i to be its lead agency -- for ...
Be the first to comment on "Netflix Ups Revenue, Subscribers"
Leave a Comment