Netflix (NFLX) Tops Q2 EPS by 7c; Int'l Streaming Adds Miss
Get Alerts NFLX Hot Sheet
Revenue Growth %: +13.6%
Financial Fact:
Operating income: 106.04M
Today's EPS Names:
CPSS, HARL, MCET, More
Join SI Premium – FREE
Netflix (NASDAQ: NFLX) reported Q2 EPS of $0.09, $0.07 better than the analyst estimate of $0.02. Revenue was $2.11 billion, versus consensus expectations of $2.11 billion.
International streaming adds at 1.52 million, with estimates at 2.15 million. Domestic net adds were 0.16 million.
Sees Q3 international streaming adds at 2 million with estimates at 2.54 million.
Sees Q3 domestic net adds a 0.3 million, estimate at 0.695 million.
Netflix sees Q3 EPS of $0.05, versus the consensus of $0.07.
Total global member forecast for Q2 was 2.5 million and Netflix came in at 1.7 million.
Netflix commented:
For Q3, we expect international net additions of 2.0m. Our approach in expanding our global footprint in January was to launch a service targeting early adopters and then to listen, learn and iterate quickly. Now that we are six months in, we will localize Netflix in Poland and Turkey with the addition of local language in the user interface, subtitles and dubbing. Localization in other markets will take place over time as economically prudent.
International contribution loss in Q3 is expected to be $95 million as improving profitability in our earlier foreign markets funds the investment in newer international territories. We remain confident in these investments because of our success in all of the markets launched prior to 2014 which are individually profitable on a contribution profit basis. These 20102013 launch markets are on track to
deliver aggregate contribution profit of around $500 million in 2016.
For earnings history and earnings-related data on Netflix (NFLX) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Equifax (EFX) shares tumble as Q2, full-year guidance falls short
- Kinder Morgan (KMI) Misses Q1 EPS by 1c
- Union Bankshares (UNB) Reports Q1 EPS of $0.53
Create E-mail Alert Related Categories
Corporate News, Earnings, Hot Corp. News, Hot Earnings, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!