je.st

Home › q2

Tag: q2

Netflix subscriber growth slows in Q2

2016-07-19 08:24:00| Telecompaper Headlines

(Telecompaper) Netflix reported slower-than-expected customer growth in the second quarter, adding 1.68 million new streaming customers compared to its forecast of 2.50 million. Revenues were still up 28 percent year-on-year to USD 2.11 billion, just under its forecast of USD 2.14 billion. Its contribution profit, after costs, was up 28 percent to USD 416 million, giving a margin of 19.8 percent, and operating profit was better than expected, at USD 70 million. Net profit also came in higher than forecast, at USD 41 million, and Netflix aims for a net profit over the full year as well. The slower customer growth was in the US, where the company gained just 162,000 new streaming subscribers, for a total 47.1 million, and abroad, where Netflix gained 1.52 million customers versus a forecast of 2.00 million.

Tags: growth subscriber q2 slows