Netflix, Inc., an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. The company operates in three segments: Domestic streaming, International streaming and Domestic DVD. It offer members with the ability to receive TV shows and movies streaming content, including original series, documentaries, and feature films through a host of Internet-connected screens, such as TVs, digital video players, TV set-top boxes, and mobile devices. The company also provides DVDs-by-mail membership services. As of October 17, 2016, it served approximately 86 million streaming members in 190 countries. Netflix, Inc. was founde...
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Founded in 1997
Telia Company and Netflix Announce Regional Partnership in the Nordic and Baltic
Oct 18 16
Telia Company and Netflix have announced regional partnership in the Nordic and Baltic. The partnership with Netflix will further give TV customers the possibility to seamlessly access a broad selection of content, including critically acclaimed original Netflix series, Hollywood movies, top TV shows, documentaries, independent films, stand-up comedy and a wide range of kids' titles. Telia Company’s customers in Sweden and Finland will be the first to get access to Netflix with Telia Company’s new generation media box, launching on October 18. The partnership with Netflix will further rollout to more countries through 2017. Existing Netflix members will be able to start the Netflix app through multiple launch points, including an integration in the main menu, EPG and app store, eliminating the need to have a separate device and to switch between TV inputs and remote controls. New customers can simply sign up via the app right on the TV and begin to immediately enjoy Netflix.
Netflix, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
Oct 17 16
Netflix, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, revenue was $2,290,188,000 against $1,738,355,000 a year ago. Operating income was $106,036,000 against $73,641,000 a year ago. Income before income taxes was $79,127,000 against $42,238,000 a year ago. Net income was $51,517,000 or $0.12 per diluted share against $29,432,000 or $0.07 per diluted share a year ago. Net cash used in operating activities was $461,941,000 against $195,969,000 a year ago. Purchases of property and equipment were $27,366,000 against $37,820,000 a year ago. Non-GAAP negative free cash flow was $506,431,000 compared to $252,016,000 a year ago. Adjusted EBITDA was $163,941,000 compared to $122,522,000 a year ago.
For the nine months, revenue was $6,353,128,000 against $4,956,178,000 a year ago. Operating income was $225,859,000 against $245,932,000 a year ago. Income before income taxes was $170,238,000 against $121,154,000 a year ago. Net income was $119,930,000 or $0.27 per diluted share against $79,463,000 or $0.18 per diluted share a year ago. Net cash used in operating activities was $916,824,000 against $504,694,000 a year ago. Purchases of property and equipment were $46,605,000 against $78,394,000 a year ago. Non-GAAP negative free cash flow was $1,021,133,000 compared to $644,421,000 a year ago.
Netflix Hires Bela Bajaria as Vice President-Content
Oct 6 16
Netflix announced that it hires Bela Bajaria, ex-Universal Television, as vice president-content, leading team focused on TV and film licensing from major U.S. studios, and co-production relationships with major U.S. networks, effective Nov. 1, 2016.