Netflix NASDAQ: NFLX streaming, wypożyczalnia filmów online

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Netflix, Inc. (NASDAQ:NFLX) set a positive tone after the closing bell on Tuesday, saying it lost under one million subscribers in the second quarter, which is far fewer than initially feared. It also forecast growth and talked about an ad-supported subscription tier to be introduced next year. The stock was up more than 7%.

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Netflix (NASDAQ:NFLX) stock fell 2.8% after CFRA downgraded its stance on the streaming giant to ‘sell’ from ‘hold’ with the investment research firm citing the near 40% runup in its share price from the mid-July low.

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Netflix (NASDAQ:NFLX), meanwhile, rallied more than 6% after Atlantic Equities upgraded the stock to overweight on optimism about the company’s upcoming launch of a lower-cost, ad-supported subscriber tier.

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Netflix Stock Jumps After Hours on Earnings, Subscriptions Beat

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Netflix (NASDAQ:NFLX) shares rose over 14% in after-hours trading following the release of its third-quarter earnings, which saw it top earnings and revenue estimates, while subscriptions also beat expectations.

The streaming giant reported earnings per share of $3.10, $0.92 better than the analyst estimate of $2.18, while revenue for the quarter came in at $7.93 billion versus the consensus estimate of $7.85 billion, representing 6% year-over-year growth. However, the sequential decline in revenue was put down to foreign exchange headwinds.

Global streaming paid net additions were 2.4 million versus an expected 1 million.

Revenue, operating income and membership slightly exceeded the company's forecast during the quarter, with big hits across TV and film. Netflix said it launched some of its most-watched series and films of all time, including Monster: The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The Gray Man, and Purple Hearts.

After a challenging first half, we believe we're on a path to reaccelerate growth.

Looking ahead, Netflix sees fourth-quarter earnings of $0.36 per share, versus the consensus of $1.12, with revenue for the period expected to be $7.78 billion versus the consensus of $7.97 billion.

Netflix's revenue growth forecast is driven by its expectation for 4.5 million paid net adds compared to 8.3 million in the fourth quarter of last year.

"While we're very optimistic about our new advertising business, we don't expect a material contribution in Q4'22 as we're launching our Basic with Ads plan intra-quarter and anticipate growing our membership in that plan gradually over time," Netflix stated.

The company also said the strengthening of the US dollar will negatively impact its full-year 2022 revenue and operating income by $1 billion and $0.8 billion, respectively.

"Over the medium term, we believe we can adjust our pricing and cost structure for a stronger US dollar world. Our long-term goal remains unchanged - to sustain double-digit revenue growth, increase operating profit even faster (as we expand margins) and deliver growing positive free cash flow," stated Netflix.

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(Reuters) - Netflix Inc (NASDAQ:NFLX) is exploring investments in live sports broadcasting and has recently bid for the streaming rights for sports leagues, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The company recently bid for the streaming rights for the ATP tennis tour for some European countries, including France and the U.K., but dropped out, the report said.

Netflix declined to comment, when contacted by Reuters.

The company also discussed bidding for other events, including U.K. rights to the Women's Tennis Association and cycling competitions, and was in talks late last year to acquire the World Surf League, the WSJ said.

Netflix executives have considered buying lower-profile leagues to avoid the mounting costs of bidding for sports rights, according to the report, while some of them believe they could boost lesser-known sports into franchises given the size of the platform.

The move comes as Netflix has been struggling to add new subscribers as competition from rivals including Walt Disney (NYSE:DIS) Co, Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) increases. This month, Netflix launched an ad-backed tier in an attempt to boost revenue and subscriber growth.

Streaming platforms are also looking at live sports to gain market share in an already saturated market.

Disney and Liberty Media-owned Formula One extended their broadcast partnership last month, while Major League Soccer and Apple TV announced a partnership to stream every game on the app for the next decade.

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Netflix Inc (NASDAQ:NFLX) gained 5.9% after Wells Fargo (NYSE:WFC) upgraded the streaming giant's stock to "overweight" from "equal weight".

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Netflix (NASDAQ:NFLX) shares surged nearly 5% after-hours as the company’s global streaming paid net additions grew 7.66 million, well ahead of its 4.5M estimate, due to both strong acquisition and retention, driven primarily by the success of its Q4 content slate.

EPS came in at $0.12, worse than the consensus estimate of $0.59, while revenue was $7.85 billion (up 2% year-over-year), slightly better than the consensus estimate of $7.84B.

The company expects Q1 revenue of $8.172B (up 4% year-over-year), compared to the consensus estimate of $8.15B. EPS is expected to be $2.82, compared to the consensus estimate of $2.97.

The company expects modest positive paid net adds in Q1/23, compared to paid net adds of -0.2M in Q1/22. The fewer paid net adds in Q1/23 vs. Q4/22 is consistent with normal seasonality and factors in the company’s strong member growth in Q4/22, which likely pulled forward some growth from Q1/23.

The company expects to roll out paid sharing more broadly later in Q1/23, anticipating it to result in a very different quarterly paid net adds pattern in 2023, with paid net adds likely to be greater in Q2/23 than in Q1/23.

The company also announced that Reed Hastings stepped down as a co-CEO to take on the role of executive chairman. Greg Peters has stepped up from COO to become Ted Sarandos’ co-CEO and a member of the Netflix board.

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Odchodzi prezes i założyciel Netflixa. Ostatnio walczył z dzieleniem kont

Reed Hastings kierował największym serwisem streamingowym przez ponad dwie dekady. Zbudował giganta, ale w ubiegłym roku firma straciła jedną trzecią wartości i stanęła wobec potężnej konkurencji.

Hastings poinformował, że to „odpowiedni czas”, by ktoś go zastąpił na czele firmy. Nadal jednak chce zasiadać w radzie nadzorczej giganta. Hastings chce teraz bardziej skupiać się na innych rodzajach działalności, w tym między innymi ma działalności charytatywnej.

Dziennik „Financial Times” napisał, że zmiana na stanowisku szefa Netflixa nadchodzi po bardzo ciężkim roku dla platformy, która straciła w tym czasie ponad jedną trzecią swojej wyceny rynkowej.

Netflixem zarządzać będą teraz wspólnie Greg Peters, dotychczasowy dyrektor operacyjny oraz Ted Sarandos, który kierował ofertą programową. Zmiana ma być przeprowadzona „ze skutkiem natychmiastowym”.

Hastings zapewnia, że zmiana przywództwa była przygotowywana przez wiele lat.

Hastings założył Netflixa w 1997 r. Na samym początku firma wysyłała swoim subskrybentom filmy na płytach DVD. W 2007 r. stworzono platformę streamingową, która zrewolucjonizowała rynek filmowy i telewizyjny na całym świecie. Na koniec grudnia 2022 r. platforma miała ok. 231 mln subskrybentów na całym świecie.

Gorsze wyniki platformy w ostatnich latach to przede wszystkim rosnąca konkurencja na rynku i powstanie innych serwisów streamingowych należących do takich gigantów jak Disney, Amazon czy HBO.

Netflix jednak nie daje za wygraną. Po raz pierwszy w swojej historii wprowadził tańszy abonament z reklamami, co przyciągnęło ponad 7,6 miliona nowych subskrybentów w ciągu ostatnich trzech miesięcy ubiegłego roku, znacznie powyżej przewidywanych 4,5 milionów – zauważa CNN. Poza tym platforma stwierdziła, że wyniki kwartalne wskazują, że jej wzrost ponownie przyspiesza, częściowo dzięki popularnym własnym produkcjom, takim jak „Wednesday” i „Harry i Meghan”.

https://www.msn.com/pl-pl/finanse/najpo ... 5ac65641f4

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Amerykański gigant streamingowy Netflix przygotowuje się do otwarcia biura w Wietnamie po latach negocjacji z władzami tego kraju – podaje agencja Reuters. pb.pl

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Netflix ogłosił, że obniży opłaty abonamentowe w około 100 krajach. Akcje spadły na skutek tej wiadomości.

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Netflix Inc (NASDAQ:NFLX) jumped 4% after Wells Fargo said it was bullish on the stock on expectations that the streaming giant will likely benefit from the rollout of its paid sharing program.

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No more red envelopes: Netflix to end DVD-by-mail business

(Reuters) -Netflix Inc is winding down its DVD-by-mail business, the company said in a blog post on Tuesday, ending the service it started around 25 years ago.

The company said its DVD rental business had been shrinking and it will not be able to continue to offer quality service. Netflix (NASDAQ:NFLX) will ship the last discs on Sept. 29.

"Those iconic red envelopes changed the way people watched shows and movies at home - and they paved the way for the shift to streaming," Netflix Co-CEO Ted Sarandos said in a blog post announcing the DVD service had entered its "final season."

Netflix co-founder Marc Randolph described in his autobiography how he and co-founder Reed Hastings had flirted with the idea of challenging Blockbuster Video with mail-order VHS cassettes, but it would have cost too much. They instead landed on a more cost-effective proposition: DVDs sold and rented online.

It was a calculated risk that the nascent DVD player, which went on sale for the first time in the U.S. in 1997, would catch on with the consumer. The service launched in 1998 with fewer than 1,000 titles, according to Randolph's account.

"Betting on DVDs was a risk," Randolph wrote in his book, "That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea." He added: "But it might also be our way to finally crack that category."

It was the first time Netflix's gamble on an emerging technology allowed it to challenge an entrenched competitor. Rival Blockbuster filed for bankruptcy in 2010.

"From the beginning, our members loved the choice and control that direct-to-consumer entertainment offered," wrote Sarandos.

When Netflix attempted in 2011 to split its DVD rental business from online streaming into a separate service called Qwikster, it provoked howls of protest from consumers. The plan was ultimately scrapped.

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Latest Release
Apr 18, 2023

EPS / Forecast
2.88 / 2.86

Revenue / Forecast
8.16B / 8.17B

Netflix Q1 earnings top estimates, but weaker revenue outlook bites

Investing.com -- Netflix reported Tuesday reported first-quarter earnings that topped analyst estimates, but guidance fell short of Wall Street expectations just as many were expecting the streaming giant to benefit from the launch of its ad-supported tier.

Netflix Inc (NASDAQ:NFLX) fell more than 1% in after-hours trading, though had been down more than 9% following the report.

Netflix announced earnings per share of $2.88 on revenue of $8.16 billion. Analysts polled by Investing.com anticipated EPS of $2.86 on revenue of $8.47 billion.

Netflix added 1.75 million users, compared with a loss of 200,000 in the same period last year, but that missed analyst estimates of about 2.41M net adds.

Looking ahead to Q2, the streaming giant said its revenue of $8.2B is up 3% year over year, but short of analysts' expectations for $8.48B.

The subdued outlook on second-quarter revenue comes as the streaming giant was expected to have benefited from the launch of an ad-supported tier and a crackdown on password sharing. But the company forecast that second-quarter paid net adds were expected to be “roughly similar to Q1’23.”

The streaming giant also delayed a broader expansion of its paid sharing option last year, requiring users to pay a fee to share their subscription with friends and family who don’t live with them. A broader expansion of the paid sharing option, which was rolled out out in four countries including Canada, New Zealand, Portugal and Spain, was pushed back to Q2 rather than late Q1 as initially expected, Netflix said.

"While this means that some of the expected membership growth and revenue benefit will fall in Q3 rather than Q2, we believe this will result in a better outcome from both our members and our business," it added.

Looking further ahead, the company said it was on track to meet 2023 guidance, forecasting revenue of $8.2B, up 3% year over year.

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Netflix (NASDAQ:NFLX) is "priced to perfection," according to Wells Fargo analysts, who added that the firm are buyers on weakness.

The analysts, who have an Overweight rating and a $500 price target on the stock, stated in their second-quarter preview that they believe investors would buy a pullback on the long-term outlook for Netflix in the event of short-term pressure on the print.

Wells Fargo also raised some estimates for the stock.

"We found that the highest correlation was between Apptopia MAUs as a predictor of NFLX's EOP total subs. However, based on historical trends, the 3P MAU data tends to exceed the NFLX reported number by 100bps. When we adjust for this, we come up with 2Q net adds of 2.1mm, which is above Street's 1.8mm," wrote analysts.

"While we're raising our Q2 net adds from 1.5mm to 2.1mm to stick to our correlation, we think buyside is looking for closer to 4mm+, and rev growth of 5%+ y/y (vs. us at 4%)," they added.

Wells Fargo also believes FX is turning into a tailwind for the company due to a weakening dollar.

"In Q2, FX turned into a tailwind for NFLX's print, mainly driven by a weakening dollar against the euro and BP. In addition, LatAm and APAC went from y/y MSD headwinds to around neutral. We estimate NFLX's y/y FX tailwind is now ~2% vs. constant currency, or roughly $180mm in positive translation. As a result, we are raising our 2Q rev estimate by ~$40mm to $8.3bn to account for the greater-than-expected benefit," the analysts explained.

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Netflix quarterly revenue misses forecasts, shares slide

LOS ANGELES (Reuters) -Streaming video pioneer Netflix (NASDAQ:NFLX) disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling nearly 9% in after-hours trading.

The revenue figure, along with a weaker-than-expected forecast for revenue in the third quarter, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that easily topped predictions.

Shares of Netflix were down 8.9% after the results at $435.

Netflix has been looking for new ways to make money as streaming competition intensifies and it nears market saturation in the United States. The company launched a cheaper tier with advertising last November, and started asking password borrowers to pay in a widespread crackdown that rolled out in May.

The company said it expected revenue growth to accelerate in the second half of the year, adding it aimed to continue to create compelling shows and movies, improve monetization, boost its video game business and make users' experience better.

"While we’ve made steady progress this year, we have more work to do to reaccelerate our growth," the company said in its quarterly letter to shareholders.

The company reported diluted earnings-per-share of $3.29 for the second quarter, ahead of the $2.86 consensus forecast of analysts surveyed by Refinitiv.

Its nearly 6 million subscriber additions outpaced the 1.9 million that Wall Street expected. Netflix had a total of 238.4 million subscribers worldwide as of the end of June.

Quarterly revenue climbed 2.7% from a year earlier to $8.2 billion, shy of analyst forecasts of $8.3 billion. The company estimated third-quarter revenue would hit $8.5 billion. Wall Street had been forecasting $8.7 billion.

Analyst Craig Huber of Huber Research Partners said some shareholders may have become too bullish about Netflix's advertising tier and the password crackdown.

"Some investors’ expectations for (the third quarter) got too far ahead of what is looking like reality in management’s guidance," Huber said.

While the company added subscribers, it said average revenue per member fell 3% from a year earlier. That was partly because many of the new sign-ups came in countries where Netflix charges lower prices.

Netflix said its advertising tier remained a small part of its membership base and that current ad revenue is not material.

"We've got a long way to go from where we are today, even getting to 10% (of revenue)" Chief Financial Officer Spencer Neumann said on a post-earnings interview with an analyst.

Pivotal Research Group analyst Jeffrey Wlodarczak attributed some of the share slide after the results to investors selling to take profits. Netflix stock has gained 62% this year, including over 8% this month.

Like its competitors, Netflix is grappling with strikes by tens of thousands of Hollywood actors and writers. The labor action has forced many film and television productions to shut down, though analysts say Netflix has an advantage because of its global production.

Netflix raised its 2023 free cash flow estimate to $5 billion, up from $3.5 billion, in part because it will spend less on content with productions shut down.

Netflix co-CEO Ted Sarandos, who noted he grew up in a union household and recalled the hardship of his father going on strike, said he hoped the labor tensions would be resolved soon.

"Let me start by making something absolutely clear: This strike is not an outcome that we wanted," Sarandos said.

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