logo
Share SHARE
FONT-SIZE Plus   Neg

Netflix Slips To Loss In Q1 - Quick Facts

Netflix Inc. (NFLX) reported that its first-quarter net loss was $4.58 million or $0.08 per share, compared to profit of $60.23 million or $1.11 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $869.79 million from $718.55 million in the prior year quarter. Thirty one analysts had consensus revenue estimate of $868.57 million for the quarter.

For the second-quarter, the company expects net results to be loss $6 million - profit $8 million or loss $0.10 per share - profit $0.14 per share. Analysts expect the company to report a loss of $0.17 per share for the second-quarter. The company said that the improvement in the outlook is a result of continued member growth (both domestically and internationally), as well as increased efficiency of its content and marketing spending.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Volkswagen AG's all electric Microbus might be available in market by 2022. As per the plan it would be available first in California. Microsoft Corp. has unveiled a new Minecraft limited edition version of the Xbox One S console during its Gamescom press conference in Germany. The pixelated device comes with 1TB of storage. It includes a custom designed grass block console, Xbox Wireless Controller - Minecraft Creeper, Minecraft system sounds, vertical stand and transparent underside with Redstone circuit accents. HTC Corp. has cut the price of its Vive virtual reality headset by $200, bringing down the system's cost to $599. The company noted that the new entry price will make the system more accessible to the mass market across the globe. The price cut for the Vive VR headset comes after the Oculus Rift's $200 price cut recently.
comments powered by Disqus
Follow RTT