Netflix, Inc. (NFLX) Misses Q2 EPS by 1c
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(Updated - July 21, 2014 4:06 PM EDT)
Netflix, Inc. (NASDAQ: NFLX) reported Q2 EPS of $1.15, $0.01 worse than the analyst estimate of $1.16. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.34 billion.
Total paid members were 50.89 million. U.S. paid members grew to 36.52 million on the strength of the company's content offering, including Orange is the New Black Season 2. The company ended Q2 with 13.8 million international members, growing 78% year-over-year.
For Q3, Netflix expects about 1.3 million net additions.
U.S. contribution margin expanded 460 bps y/y to 27.1%, as revenue continued to grow faster than spending on content and marketing.
Netflix expects ARPU to rise slowly as members at the new prices grow as a percentage of total membership.
For earnings history and earnings-related data on Netflix, Inc. (NFLX) click here.
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