Netflix Q3 '17 earnings recap #NFLX
Another lifetime high for Netflix #NFLX, post Q3 earnings report. Numbers reported:
- EPS 29c, vs: 32c
- Revenue $2.99B, vs: $2.97B.
Revenues reported on Netflix is immaterial to Wall Street. The sole focus is subscribers numbers; growth; and additions; See chart below:
Graph shown covers YoY period. Netflix has statiscally exceeded beat its own membership addition; mean upside revision on actual vs. estimate net addition at 30%. Moving forward to Domestic vs. International subscription growth, it has sustained exponential growth outside U.S. YoY Intl growth rate at 26%; It is obviously that Netflix dominates online movies streaming, while subscription and content grows, its content budget expands as well from $6billion to now projection of $7-$8 billion in 2018. Netflix stock price expands along with its spectacular subscription growth:
- YTD +63.72%; 3 months +25.79%; 1 year +99.74%
- https://www.tradersfish.com/blog/blog_detail/58 see our earnings guide ahead of report.
NFLX chart after earnings report:
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