Reed Hastings and company beat expectations. Wall Street is getting used to this.
Netflix stock is climbing again after the streaming company beat
expectations, by adding 7.41 million subscribers during Q1. Netflix had told Wall Street it thought it would add 6.35 million in the quarter.
Netflix had told investors it thought it would add 1.45 million domestic subs in Q1 and another 4.9 million outside the U.S. Instead it added 1.96 million and 5.46 million.
Netflix told investors that it would add 1.2 million domestic subs in Q2 and another
5 million outside the U.S.; per RBC analyst Mark Mahaney, Wall Street had expected to see guidance of 974,000 and 4.2 million, respectively.
Netflix shares, which have already climbed 60 percent this year, are up another 6 percent in
after hours trading. More to come.
Netflix added more than seven million subscribers during Q1, and its shares are climbing — again
By Peter Kafka
April 16, 2018 at 01:20PM
via Recode – Front Page https://www.recode.net/2018/4/16/17243676/nflx-netflix-reed-hastings-q4-earnings-stock-subscribers