Notes on NFLX Q1 2019

Notes of Netflix: Earnings Date 04/16/2019 for Q1 2019

Q1 By the Subscriber numbers:

Has 148.9 Million paid subscribers at the end of the fourth quarter
Q1 total paid subscriber added growth (paid net additions): 9.6 million, versus Wall Street estimates of 8.94 million and Netflix forecasts of 8.9 million.
Q1 numbers parsed out 7.9 million paid subscribers internationally and 1.7 million in the U.S.
Domestic paid subscriber additions: 1.74 million, vs. 1.6 million, Netflix forecast and 1.61 million Wall Street estimates
International paid subscriber additions: 7.86 million, vs. 7.3 million, Netflix forecast and 7.33 Wall Street estimates

Q1 By the Financial numbers:

Reported earnings of $344 million, or 76 cents a share, up from 64 cents a share a year ago
Earnings per share: 76 cents, vs. 57 cents expected, per Refinitiv consensus estimate.
Revenue: increased 22% to $4.52 billion, vs. $4.50 billion expected, per Refinitiv consensus estimate.
Q1 revenue: $4.52 billion, versus Wall Street estimates of $4.51 billion and Netflix forecasts of $4.49 billion.
Q1 earnings per share (GAAP): $0.76, versus Wall Street estimates of $0.58 and Netflix forecasts of $0.56.

What’s up for next quarter – Forecast:

Q2 total paid-subscriber-growth guidance (estimated paid net additions): 5 million, versus Wall Street estimates of 6.09 million.

Subscriber growth 300,000 in the US, versus Wall Street estimates of 617,000.

Subscriber growth 4.7 million internationally, versus Wall Street estimates of 5.47 million.

Stranger Things, 13 Reasons Why, Orange is the New Black, The Crown will drop the second half of the year.

Reed Hastings Investor Letter: