Netflix adds 8.8M paid subscribers globally, says it now accounts for 10 percent of U.S. TV screen time

TechCrunch | 1/17/2019 | Staff
Mkgirlz (Posted by) Level 3
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Netflix just released its fourth quarter earnings report, which looks mixed compared to Wall Street expectations.

The company added 8.8 million subscribers, well above the 7.6 million that it had predicted at the beginning of the quarter. It also beat estimates for earnings per share — analysts had predicted EPS of 24 cents, but actual EPS came in at 30 cents. However, revenue was a bit lower than expected — $4.19 billion, compared to predictions of $4.21 billion.

Eastern - Netflix - Shares - Percent - Hours

As of 4:50pm Eastern, Netflix shares were down about 2 percent in after hours trading.

The investor letter also includes viewership numbers for several popular titles, including “Bird Box,” which the company says will be viewed by more than 80 million households in its first four weeks (45 million accounts streamed the movie in its first week, setting a record for Netflix). It also says that “You” and “Sex Education” are on-track to be viewed by more than 40 million households in their first four weeks on the service.

People - Seconds - Netflix - Someone - Viewer

And these aren’t just people accidentally tuning in for a few seconds — Netflix says it only counts someone as a viewer of they watch at least 70 percent of a movie or...
(Excerpt) Read more at: TechCrunch
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