Netflix, Inc. (NFLX) Rating Reiterated by Piper Jaffray Companies

Netflix on the verge of hitting 100 million subscribers

That $2.5 billion figure Netflix pulled in during Q1 represents the lion's share of its overall revenue, which climbed above $2.6 billion when factoring in its DVD business.

"Everybody watches TV and almost everybody has the internet, so I don't see anything that's going to stop Netflix from getting to most people in the United States and then eventually hopefully most people around the world", Hastings said. The Los Gatos, California, company earned $178 million on revenue of $2.6 billion in the first quarter.

It's a good start and the opportunity for the firm was still "gigantic" due to growth of the global internet. An hour of video viewed on Netflix is tied to an entirely different value structure than an hour spent on YouTube, which largely gets its content for free. Hastings said the USA market is still growing and he doesn't expect subscriber numbers to hit a wall anytime soon.

"We're super excited expecting to cross 100 million this weekend, that's a big accomplishment".

Netflix (NFLX) is estimated to have ~19.0 million subscribers in Europe.

In turn the number of net additions have fallen; Netflix now expects to have 8.15 million net adds, compared to 8.42 million net adds in the first half previous year.

In the wake of a series of genre-busting content and platform deals that have blurred the lines between broadcasters and subscription video-on-demand (SVOD) providers, Netflix flatly rejected the possibility of live sports programming on its platform.

Netflix issued its first quarter user gains report to investors today, and the fact that it fell short of user growth estimates caused a brief drop in the streaming giant's stock price.

Not the first quarter results Netflix (NASDAQ:NFLX) shareholders were expecting? Netflix is working towards becoming a global entertainment network.

Shares of Netflix are up more than 30 percent in the past year.

"As part of this, we are investing more in programmatic advertising with the aim of improving our ability to do individualized marketing at scale and to deliver the right ad to the right person at the right time", the letter says. We also market our content extensively to members through our service and with our partners. As for the competition, Netflix isn't phased by the advent of virtual MVPDs such as Sling, PlayStation Vue, DirecTV Now, YouTube TV, and Hulu's forthcoming service. A logical move, to be sure, but one that could lessen its attractiveness in worldwide markets, especially with Amazon's own Prime Video service fighting to appeal to Netflix's user base.

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