Tuesday, April 19, 2016
Netflix Forecasts Slight Acceleration
Global video-on-demand service Netflix forecast it will generate revenues of 1.96 billion US dollars from streaming in the current quarter, which would amount to a year-on-year increase of 33%. In the first quarter, revenues rose 29.5% to 1.81 billion dollars. In the second quarter, Netflix expects to add 2.5 million members with 0.5 million in the US and 2.0 million internationally (versus prior year 2.4 million).
Netflix said: "Performance in the [first] quarter benefited from the launch of several series, including Making a Murderer (a late December debut), Fuller House (February), House of Cards Season 4 (March) and Daredevil Season 2 (March), complemented by a diverse mix of new films, documentaries, series and kids shows available globally." source: Netflix statement
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