Shares of Netflix<\/a> jumped 14% in after-hours trading, boosted in part by the streaming giant's forecast that it would pick up 4.5 million customers in the fourth quarter. The company's stock, an investor favorite during its years of rapid growth, had fallen nearly 60% this year before the earnings report.
\"Thank God we're done with shrinking quarters,\" said Co-CEO Reed Hastings, adding the company needs to continue gathering momentum by focusing on content, marketing and a lower-priced plan with advertising.
From July through September, Netflix<\/a> attracted 2.4 million new subscribers worldwide, more than double what Wall Street expected.
\"Netflix's impressive numbers show the company's growth story is far from over,\" said Investing.com analyst Haris Anwar.
During the quarter, Netflix released the final episodes of season four of sci-fi hit \"Stranger Things,\" plus serial-killer series \"Dahmer - Monster: The Jeffrey Dahmer Story,\" which became one of Netflix's most-watched series of all time.
The streaming giant is working to kick-start membership growth after a sudden decline in the first half of the year, when the company's subscriber base shrunk by 1.2 million amid a rocky global economy and growing competition for online video viewers. Netflix now has a total of 223.1 million subscribers around the world.
Most established services have stopped growing in the United States, where the market has reached maturity. Newer entrants, such as Paramount Global<\/a>'s Paramont+, are picking up market share thanks to live sports programming.
In its quarterly letter to shareholders, Netflix noted that other media companies are losing money from streaming.
\"Our competitors are investing heavily to drive subscribers and engagement, but building a large, successful streaming business is hard,\" the letter said.
Netflix estimated that competitors would end 2022 with combined operating losses of \"well over $10 billion,\" compared with Netflix's annual operating profit of $5 billion to $6 billion.
Rivals such as Walt Disney Co<\/a> run multiple businesses including TV networks and theme parks that offset streaming losses.
For the third quarter, Netflix topped analyst projections with revenue of $7.9 billion, up 6% from a year earlier. Earnings were $3.10 per share.
The company's forecast of 4.5 million customer pickups by the year's end came in slightly ahead of Wall Street estimates, which had averaged 4.2 million. For the fourth quarter, Netflix projected revenue of $7.8 billion, a sequential decline it blamed on the strong value of the U.S. dollar.
In early November, Netflix is launching a $7-per-month streaming plan with advertising to attract cost-conscious customers.
\"We're quite confident in the long term that this will lead to a significant incremental revenue and profit stream,\" Chief Product Officer Greg Peters said.
He did not disclose how many new subscribers, or how much revenue, Netflix expects from the advertising plan.
PP Foresight analyst Paolo Pescatore predicted some of Netflix's current subscribers will switch to the lower-priced option.
\"Some will downgrade or decide to come back to Netflix,\" Pescatore said. \"The move is as much about retaining users as well as signing up new ones.\"
Another analyst, Wedbush<\/a>'s Michael Pachter, saw the ad-supported tier as a tool for to reduce cancellations by giving price-sensitive subscribers an alternative.
Disney, Warner<\/a> Bros Discovery and other companies also offer, or plan to offer, ad-supported options.
While Netflix is making various changes to propel growth, the company said it remained committed to producing original programming and releasing all episodes at once for binge watching.
\"We believe the ability for our members to immerse themselves in a story from start to finish increases their enjoyment but also their likelihood to tell their friends,\" the company said.
A new season of British royal family drama \"The Crown\" and a sequel to 2019 movie \"Knives Out\" will be released during the fourth quarter.
Netflix said it would no longer provide quarterly guidance for new customers. The company will continue to issue forecasts for revenue, operating income and other categories.
\"We are increasingly focused on revenue as our primary top line metric,\" the company said.
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Netflix逆转订户下滑,股价飙升14%
Netflix估计竞争对手将结束2022年联合运营亏损的“超过100亿美元”,相比之下,Netflix的年度营业利润50亿美元,至60亿美元。
Netflix Inc .)扭转客户的损失,打击其股价今年预计增长,安抚华尔街准备提供一个新的流媒体与广告选项。
的股票网飞公司在盘后交易中上涨14%,部分提高了流媒体巨头的预测,450万年第四季度客户会加快速度。公司的股票,投资者喜欢在其多年的快速增长,今年下跌了近60%收益报告。
“感谢上帝我们完成季度萎缩,”黑斯廷斯的联合ceo里德说,添加公司需要继续收集动力通过专注于内容,营销与广告和低价计划。
从7月到9月,网飞公司吸引了全球240万新用户,超过华尔街预期的两倍。
“Netflix的令人印象深刻的数字显示公司的成长故事还远远没有结束,”Investing.com分析师哈里斯安瓦尔说。
季度期间,Netflix发布季的最后一集科幻大片的四个“陌生人的东西,”+研究连环杀手系列“达-怪物:杰弗里•达莫的故事”,这成为Netflix的收视率最高的系列之一。
流媒体巨头正致力于推动会员增长后,今年上半年突然下降,当公司的用户数量减少到120万年全球经济在岩石和在线视频观众日益激烈的竞争。Netflix现在全世界共有2.231亿用户。
大多数建立服务已停止生长在美国,市场已达到成熟。新进入者,如最重要的全球好+,加快市场份额由于现场直播的体育节目。
在其季度写给股东,Netflix指出,其他媒体公司都亏损从流媒体。
“我们的竞争对手正在大力投资,推动用户和接触,但建立一个大的,成功的流媒体业务是困难的,”信中说。
Netflix估计竞争对手将结束2022年联合运营亏损的“超过100亿美元”,相比之下,Netflix的年度营业利润50亿美元,至60亿美元。
等竞争对手华特-迪士尼公司运行多个业务包括电视网络和主题公园,抵消流损失。
第三季度,Netflix与营收为79亿美元,超过分析师预测较上年同期增长了6%。收益为每股3.10美元。
公司450万客户皮卡的预测到今年年底略高于华尔街预期的时候,平均为420万。第四季度,Netflix预计营收为78亿美元,它连续下降归咎于强劲的美元的价值。
在11月初,Netflix发起7-per-month美元流媒体与广告吸引注重客户的计划。
“我们很有信心从长远来看,这将导致一个重要的增量收入和利润流,”首席产品官Greg Peters说。
他没有透露有多少新用户,或多少收入,Netflix预计的广告计划。
PP远见分析师保罗·佩斯卡托雷预测Netflix的一些当前用户将切换到低价的选择。
“有些人会降级或决定回到Netflix,”佩斯卡托雷说。“此举是对留住用户以及签约新的。”
另一位分析师,WedbushMichael Pachter,看到广告支持层作为一个工具来减少取消给价格敏感用户的另一种选择。
迪斯尼,华纳兄弟发现和其他公司也提供,或计划提供广告支持的选项。
尽管Netflix做出各种改变推动增长,该公司表示,仍致力于生产原创节目和释放所有事件暴看。
“我们相信的能力为我们的成员沉浸在一个故事从开始到结束可能性增加他们的乐趣,还告诉他们的朋友,”该公司表示。
新一季的英国皇室戏剧“王冠”和2019年的电影续集“刀”将在第四季度发布。
Netflix表示将不再为新客户提供季度指导。该公司将继续发行预估收入,营业收入和其他类别。
“我们越来越关注收入主要营收指标,”该公司表示。
的股票网飞公司在盘后交易中上涨14%,部分提高了流媒体巨头的预测,450万年第四季度客户会加快速度。公司的股票,投资者喜欢在其多年的快速增长,今年下跌了近60%收益报告。
“感谢上帝我们完成季度萎缩,”黑斯廷斯的联合ceo里德说,添加公司需要继续收集动力通过专注于内容,营销与广告和低价计划。
从7月到9月,网飞公司吸引了全球240万新用户,超过华尔街预期的两倍。
“Netflix的令人印象深刻的数字显示公司的成长故事还远远没有结束,”Investing.com分析师哈里斯安瓦尔说。
季度期间,Netflix发布季的最后一集科幻大片的四个“陌生人的东西,”+研究连环杀手系列“达-怪物:杰弗里•达莫的故事”,这成为Netflix的收视率最高的系列之一。
流媒体巨头正致力于推动会员增长后,今年上半年突然下降,当公司的用户数量减少到120万年全球经济在岩石和在线视频观众日益激烈的竞争。Netflix现在全世界共有2.231亿用户。
大多数建立服务已停止生长在美国,市场已达到成熟。新进入者,如最重要的全球好+,加快市场份额由于现场直播的体育节目。
在其季度写给股东,Netflix指出,其他媒体公司都亏损从流媒体。
“我们的竞争对手正在大力投资,推动用户和接触,但建立一个大的,成功的流媒体业务是困难的,”信中说。
Netflix估计竞争对手将结束2022年联合运营亏损的“超过100亿美元”,相比之下,Netflix的年度营业利润50亿美元,至60亿美元。
等竞争对手华特-迪士尼公司运行多个业务包括电视网络和主题公园,抵消流损失。
第三季度,Netflix与营收为79亿美元,超过分析师预测较上年同期增长了6%。收益为每股3.10美元。
公司450万客户皮卡的预测到今年年底略高于华尔街预期的时候,平均为420万。第四季度,Netflix预计营收为78亿美元,它连续下降归咎于强劲的美元的价值。
在11月初,Netflix发起7-per-month美元流媒体与广告吸引注重客户的计划。
“我们很有信心从长远来看,这将导致一个重要的增量收入和利润流,”首席产品官Greg Peters说。
他没有透露有多少新用户,或多少收入,Netflix预计的广告计划。
PP远见分析师保罗·佩斯卡托雷预测Netflix的一些当前用户将切换到低价的选择。
“有些人会降级或决定回到Netflix,”佩斯卡托雷说。“此举是对留住用户以及签约新的。”
另一位分析师,WedbushMichael Pachter,看到广告支持层作为一个工具来减少取消给价格敏感用户的另一种选择。
迪斯尼,华纳兄弟发现和其他公司也提供,或计划提供广告支持的选项。
尽管Netflix做出各种改变推动增长,该公司表示,仍致力于生产原创节目和释放所有事件暴看。
“我们相信的能力为我们的成员沉浸在一个故事从开始到结束可能性增加他们的乐趣,还告诉他们的朋友,”该公司表示。
新一季的英国皇室戏剧“王冠”和2019年的电影续集“刀”将在第四季度发布。
Netflix表示将不再为新客户提供季度指导。该公司将继续发行预估收入,营业收入和其他类别。
“我们越来越关注收入主要营收指标,”该公司表示。
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