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
Netflix, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the for First Quarter and Full Year 2017
Jan 18 17
Netflix, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenues of $2,477,541,000 against $1,823,333,000 a year ago. Operating income was $153,934,000 against $59,894,000 a year ago. Income before income taxes was $90,269,000 against $20,731,000 a year ago. Net income was $66,748,000 against $43,178,000 a year ago. Diluted earnings per share per of $0.15 against $0.1 a year ago. Net cash used in operating activities was $557,160,000 against $244,745,000 a year ago. Purchases of property and equipment were $61,048,000 against $12,854,000 a year ago. Adjusted EBITDA was $211,769,000 against $111,242,000 a year ago. Free cash flow negative was $639 million against $212 million a year ago. EBITDA was $212 million against $111 million a year ago.
For the period, the company reported revenues of $8,830,669,000 against $6,779,511,000 a year ago. Operating income was $379,793,000 against $305,826,000 a year ago. Income before income taxes was $260,507,000 against $141,885,000 a year ago. Net income was $186,678,000 against $122,641,000 a year ago. Diluted earnings per share were $0.43 against $0.28 a year ago. Net cash used in operating activities was $1,473,984,000 against $749,439,000 a year ago. Purchases of property and equipment were $107,653,000 against $91,248,000 a year ago.
The company provided earnings guidance for full year 2017. The company announced that it expect free cash flow to be around negative $2 billion in 2017 against negative $1.7 billion in 2016, with free cash flow loss improving sequentially in first quarter of 2017. The company announced that it expects revenue of $2,516 million and contribution profit of $623 million.
For the first quarter 2017, the company expects earnings of $0.37 per share.
Netflix, Inc. Provides Earnings Guidance for the Fourth Quarter of 2016
Jan 17 17
Netflix, Inc. provided earnings guidance for the fourth quarter of 2016. For the period, the company expected adjusted earnings per share of $0.13, nearly double the year-earlier period's $0.07. The estimate for revenue is $2.47 billion, up from $1.82 billion.
Netflix Signs Lease to Fully Occupy all 91,953 Square Feet of Space at its New, Five-Story Office Building called CUE
Jan 11 17
Hudson Pacific Properties has reported that Netflix has signed a lease to fully occupy all 91,953 square feet of space at its new, five-story office building called CUE. Designed by Gensler, CUE is a Class A, creative office environment, and part of the entertainment production complex Hudson Pacific is building at Sunset Bronson Studios. Also located at Sunset Bronson Studios is the company's recently completed, 14-story, Class A office tower called ICON. Netflix has leased all 323,000 square feet of space at ICON. Hudson Pacific said that the close proximity of its two new office buildings will help facilitate collaboration with Netflix teams working at Sunset Bronson Studios. In September, Netflix signed a multi-year agreement for 99,250 square feet of space at Sunset Bronson Studios for multiple stages and production offices. Netflix has now leased over 500,000 square feet of space from Hudson Pacific in Hollywood.