Netflix’s first quarterly earnings report of the year was impressive, but not surprising. We’ve come to expect tons of growth from Netflix. No, what was really interesting was how the company intends to deal with the growing competition. Although Netflix is still the undisputed leader among video streaming services, competitors like Amazon Instant Video and Hulu are growing rapidly, not to mention HBO’s entrance into the solo streaming market.
Netflix, that veritable giant among video streaming services, released its first quarterly earnings report of this fiscal year on Wednesday. The takeaway? Not the numbers so much, but the company’s plans to address the many new market entrants encroaching on its market territory. The financials were a mixed bag, on paper. Netflix posted first-quarter profits of $23 million, short of analysts’ expectations and a decline from the $53 million it earned for the same period last year. But outspoken CEO Reed Hastings was quick to blame a foreign exchange loss, pointing to a growth in revenue from $1.27 to $1.57 billion, and analysts largely agreed with that assertion. The news enough to excite investors, as Netflix shot up 13 percent in after-hours trading on Wednesday and, at time of publication, the stock was at a record high of $569 per share. That’s a rise of over $100 per share in just the last week.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Just because it's not fresh doesn't mean it's not edible. For people willing to eat food that's old, but not…
In the two years since OnePlus exploded onto the smartphone scene with the OnePlus One, rumors that the company is working…
Autocorrect is incredibly useful when it works, but when it doesn't work, it can cause problems that are always annoying, often…
With more than a billion people and some of the fastest-growing economies in the world, Africa is on its way to becoming…
