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Netflix posts strong customer growth in Q1, sees slow Q2

2016-04-19 08:32:00| Telecompaper Headlines

(Telecompaper) Netflix announced first-quarter results better than expected but gave a cautious outlook for the second quarter. The company added 2.30 million new streaming customers in the US and 4.51 million at its international activities, beating its own guidance of respectively 1.75 million and 4.35 million. The total number of streaming subscribers reached 47.0 million in the US and 34.5 million elsewhere, while the company also still had 4.7 million DVD rental customers. Revenues increased 24 percent to USD 1.96 billion in Q1, with growth of 17 percent in the US and 57 percent at the international business. EBITDA fell by 23 percent, and operating profit nearly halved to USD 49 million due to the costs of international expansion. Net profit was still slightly higher due to a gain. After negative cash flow of USD 261 million, Netflix ended the period with USD 1.6 billion in cash. 

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Netflix shares fall on growth worries

2016-04-18 23:57:29| BBC News | Business | UK Edition

Netflix shares fall more than 9% in after-hours trading on Wall Street after the video streaming company predicts slower subscriber growth.

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Aging Population Driving World Diaper Market Growth

2016-04-18 18:16:00| Nonwovens Industry Breaking News

Asian countries will also boost growth in the market, which is expected to rise over 5% annually through 2020.

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Aging Population Driving World Diaper Market Growth

2016-04-18 18:16:00| Nonwovens Industry Breaking News

Asian countries will also boost growth in the market, which is expected to rise over 5% annually through 2020.

Tags: world market growth driving

 

Vodka growth accelerates in US control states - figures

2016-04-18 16:36:00| Daily beverage news and comment - from just-drinks.com

Vodka volumes in the US control states grew faster than American whiskey last month in a sign that the white spirit is fighting back from recent pressure.

Tags: control states growth figures

 

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