- Netflix (NASDAQ:NFLX) is up 8.2% after hours after posting bullish subscriber numbers for Q2 and strong expectations for the coming quarter, and beat expectations on revenue despite a narrow profit miss.
- It posted domestic net adds of 1.07M, well ahead of estimates for adding 633,000 subs. International streaming net adds came to 4.14M vs. an expected 2.63M.
- Streaming membership sits at 104M, crossing a symbolic milestone of 100M users, and the company notes it has more international members (at 50.1% of base) than domestic members now.
- The company forecasts total net streaming adds of 4.4M in Q3, vs. 3.99M expected. It sees Q3 international adds coming to 3.65M.
- It's also guiding to Q3 revenues of $2.96B vs. consensus for $2.876B, and net income (GAAP) of $143M vs. consensus for $101.6M. Netflix expects its first ever annual profit contribution from international operations.
- Conference call to come at 6 p.m. ET.
- Press release
- Shareholder letter
- Now read: Netflix Earnings Preview: What Might Be Expected From Q2 2017?
Original article