Skip to comments.Netflix earnings beat estimates; stock soars 17%
Posted on 01/22/2014 3:03:54 PM PST by Hojczyk
Netflix reported higher profit for the fourth quarter as the company added 2.3 million customers to its TV and movie streaming service in the United States, sending its shares up more than 17 percent in after-hours trading. (Click here to get the latest quote.)
The company on Wednesday reported net income of $48 million for the quarter, up from $8 million a year ago. Earnings-per-share were 79 cents, Netflix said in a statement.
(Excerpt) Read more at cnbc.com ...
Verizon and cable co.s are going to strangle Netflix to death now that 'net neutrality' is dead.
It's about time. I just get minimum cable, which used to be cheap. I'm tempted to drop that, watch only what I can get with an antenna. It'll be a huge savings each month, and to think some people are paying over $100/month for their cable....that's a crazy amount of money to pay for something that's free.
$8.00 per month for unlimited streaming can’t be beat. I have watched shows like Dragnet, Sliders, Twilight Zone, Amazing Stories, Emergency and MST3K. All of which are rarely if ever shown on cable TV.
Most of Netflix's content was not produced by Netflix. It is only TV shows and movies produced by the existing old Hollywood business model of charging people $100/month for cable or $12/ticket for a movie. Currently Netflix just gets the leftovers after Hollywood has already made most of their money via theaters and cable. The concept that from now on everyone can just get unlimited entertainment for $8/month is a mirage. You can't finance the production of Netflix's catalog for such a small amount of money. Netflix depends on cable for their content.
Hmmmm, and back when Netflix separated streaming from DVD’s and wanted to change the names of each AND slightly raised prices all the stories in the press were about how they’d collapse and die because so many subscribers were angry and leaving.
What a difference a few years make.
I bought at $50/share in my Roth. :)
Chromecast is the best thing to ever happen to Netflix.
One of the few lib tard run businesses I won’t boycott...just can’t.
I think Roku is probably a much bigger factor in Netflix's adoption.
For the price of one Roku, I bought 3 Chromecasts....true it doesn’t have as many channels as of now, but I really don’t need those others, I can stream YouTube, Netflix, and my own home movies and photos.
That may be true, but that 'mirage' means real shows on Netflix for a long while yet.
Free is better. I still don’t understand why anyone subscribes to Netflix, etc. when all of it is free on the net. If you have internet access you have everything free.
I like House of Cards and Lillyhammer, Netflix produced shows.
Ah, just in time for the cancellation of so-called Net Neutrality. Thanks Hojczyk.