Earnings Reports

Google Ad

Video streaming service Netflix (NFLX) shares rocketed up 10% after beating second-quarter earnings expectations 10% after the market close. $NFLX delivered expanding Q217 subscriber growth and strong Q3 guidance. 

Tech and momentum stock favorite Netflix (NFLX) delivered second-quarter earnings in line with expectations but expanding Q2 subscriber growth and strong Q317 guidance excited investors. The stock shot up 10% in after hours and took the $&P 500 and Nasdaq Futures higher with it.

Netflix posted a 60% growth in 2Q17 profit to  as streaming membership grew more than expected. EPS moved up to, and Netflix also crossed the milestone of 100MM members and registered more international members than domestic members during the quarter.

Earnings: $NFLX EPS $0.15 from $0.09 last year with a $66MM profit on total revenues rising 32.3% YoY to 2.79Bil.
Reaction: Netflix, Inc. NASDAQ: NFLX After-hours178.75 +17.05 (+10.54%)

 Highlights

Netflix rose over the magical 100MM members and registered more international members than domestic members during the quarter.

Guidance

$NFLX sees strong membership growth continuing in 3Q17 and expects to add 0.75MM US members. International net adds for 3Q17 is forecast at 3.65MM.

The company expects a positive international contribution to profit in the full fiscal 2017.

Operating margin is expected to be 7.1% in 2017, and is forecast to grow further in 2018 and beyond.

Visit: AlphaStreet Netflix Charts

Source: Netflix, AlphaStreet

Live From The Pit

Log in to comment
Discuss this article in the forums (12 replies).