Netflix: adopts cautious stance for Q1 2020
(CercleFinance.com) - On Tuesday night Netflix announced Q4 net income of 587 million dollars, or 1.
30 dollar per share, well above the 134 million dollars and 0.30 dollar per share in Q4 2018.
These sound results also largely outpaced the consensus, which was looking for EPS of 0.53 dollar.
Other good news for the streaming giant was that it added 8.8 million subscribers over the quarter, stable compared to the fourth quarter 2018. This is hence reassuring, with Netflix facing unprecedented competition in its sector, particularly in the United States (where the contract termination rate has nevertheless increased), with the launches of Disney+ and Apple TV+.
However, Netflix is cautious regarding Q1 2020, expecting 7 million additional paying subscribers, against 9.6 million in Q1 2019. Admittedly, the latter score was a record for the group at the time, but Netflix seems to be preparing to face the onslaught of competing platforms.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
30 dollar per share, well above the 134 million dollars and 0.30 dollar per share in Q4 2018.
These sound results also largely outpaced the consensus, which was looking for EPS of 0.53 dollar.
Other good news for the streaming giant was that it added 8.8 million subscribers over the quarter, stable compared to the fourth quarter 2018. This is hence reassuring, with Netflix facing unprecedented competition in its sector, particularly in the United States (where the contract termination rate has nevertheless increased), with the launches of Disney+ and Apple TV+.
However, Netflix is cautious regarding Q1 2020, expecting 7 million additional paying subscribers, against 9.6 million in Q1 2019. Admittedly, the latter score was a record for the group at the time, but Netflix seems to be preparing to face the onslaught of competing platforms.
Copyright (c) 2020 CercleFinance.com. All rights reserved.