Netflix 1Q - beats on earnings

18-APR-17

Netflix recorded numbers post the market close last evening, they are always presented in an orderly fashion via a shareholder letter from co-founder and CEO Reed Hastings - Q117 Letter to shareholders. For the time being the main metrics to focus on for the company will be the number of subscribers that they can continue to add, coupled with the most important thing for the subscribers, namely, content. Revenue growth of nearly 35 percent year-on-year, on net additions (of subscribers) of around 5 million (3.53 in their international business). Total subscribers (paying members) nearly reached 100 million, with a roughly even split between the US and their "international" business. Subscriber numbers were actually short of company and the Street consensus.


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FY 2016 results

20-JAN-17

Whoa, Netflix continues to crush expectations. On Wednesday after the market close they released their 4Q results & shareholder letter. The stock shot up 8% in after hour trading. At the close of trading yesterday it only ended up 4% after all was said and done. Compared to the same time last year, streaming revenue is up 41% to $2.35 billion for the quarter. The numbers people were more interested in was what the subscriber growth looked like and the growth didn't disappoint (see below).


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Netflix 3Q numbers - very strong user growth

18-OCT-16

Netflix reported numbers after hours, the company has certainly kept relevant with the times. They used to be a DVD mail order business. You remember mail? Oh, and you remember what a DVD was too? And I am even guessing that you remember what a Blu-Ray was too? Don't feel too bad if you still buy those things, you are certainly not alone. And you remember dial up internet, the thing that used to ping and twang and make that amazing "handshake" sound? Ha ha, those were the days my friends, when websites had very few images as the internet speeds sucked so bad you couldn't download anything except some text. And a few images here and there. Nowadays we want a pipe into our living room to serve us nothing but the best streaming entertainment. Personally I am a Netflix user, I enjoy the original documentaries. That stuff from Netflix is good, I have watched the "Chef's Table", season one and season three (the French version - not finished yet). World class, for any foodie it is a must watch, plenty fun. Dan Barber and Massimo Bottura were my favourites.


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Netflix 2Q numbers - beat on EPS but miss on growth

21-JUL-16

Another company that has morphed along the way, and is older than you think is a business called Netflix. You may already be a big fan, provided that you have the streaming capabilities here in South Africa. Like the providers of smartphones, you are only as good as your service provider. Netflix will be 20 years old next year at the end of August, the company is the same era as the Amazons of the world, listing at a less opportune time in 2002 after the tech bubble had popped already. It is hard to believe that Netflix has been listed longer than Google. With the advent of high speed broadband, the company was able to change from a simple mail and pickup of DVDs (remember those) to a streaming service. It is so big that the company accounts for one-quarter to one-third of all US internet traffic.


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Netflix 1Q 2016 numbers - Strong growth but lower than expected

20-APR-16

On Monday night we had numbers from Netflix whose content fills our living rooms on a regular basis. Here is a pdf of the Netflix 1Q 2016, Letter to shareholders.


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Netflix crushes expectations

26-JAN-12

Wow it's been a wild ride for Netflix of late. Since they peaked in July at $295 to where it is now at $95 it has been an absolute rollercoaster. The behaviour of US equities can be fascinating. They take no prisoners but when a company performs, shareholders are rewarded. Once a company hits the spotlight, the volatility becomes almost unmanageable and when the market loses confidence, the company has to really work hard to earn that confidence back.


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Netflix results, price turns sour.

26-JUL-11

I've always believed that the easier you make it to buy your product the more of your product will be sold. Remember that rant I had at retailers who were complaining about swipe fees? I said that they were shooting themselves in the foot because at the end of the day being able to pay by card has been a huge benefit to retailers worldwide because it makes the purchase easier. I bring this up because we have had some news over the last few days from two companies who have or are in the process of making consumption just that bit easier. Last night we had Netflix results coming out from New York and on Friday we had the release of Multichoice's new BoxOffice service.


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