Note on Netflix Earning Date 01/22/2018:
- Has 110.6 Million paid subscribers at the end of the fourth quarter
- Added 8.3 Million total in the fourth quarter of 2017 Estimating 6.3
- Added 6.4 Million foreign subscribers forecast 5.1 million
- Added 1.9 Million USA subscribers forecast 1.3 million
- Will spend $7.5 to $8 Billion in content in 2018
- Revenue Increase 33% to 3.29 Billion in the Fourth Quarter
- Has $17.7 Billion in Streaming content Obligations and increase from $14.5 Billion last year
- Profit of $185.5 Million or $0.41 cents a Share compared with $66.7 Million or $0.15 last year
- Analyst expected Earnings of $0.41 on $3.28 Billion in Revenue
- Stanger Things Released Oct 26, 2017
- Bright Starring Will Smith Released Dec 22 2017 11 Million views in first 3 days
- Expectations of 50 28M 6.3M Subscribers
- Netflix loses 7% of subscribers each year
- Many of the 200 streaming services lose 50% or more
- “Streaming services don’t generally release data on customer retention”
- HBO now, CBS All Access, Hulu, and Showtime, Amazon, Netflix, Starz
- All Access and Showtime is estimated to have 4 million subscribers at $6 a month
- “But according to research conducted”
- Average cord-cutter spends $15 a month on streaming services while the average cable sub is $92 according to research firm cg42
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