Netflix reported 43% year-on-year growth in revenue to 3.7 billion US dollars for the first quarter, due to a 25% increase in subscribers and a 14% rise in its average selling price. The video streaming company said that global net adds totalled 7.41 million, up 50% year-over-year and ahead of its 6.35 million forecast. "The variance relative to our guidance was driven by continued strong acquisition trends across the globe which we attribute to the growing breadth of our content and the worldwide adoption of internet entertainment," the company said.
For the current quarter, Netflix forecast revenue of 3.9 billion dollars, which would represent a 41% year-on-year increase. It anticipates 6.2 million net additions globally, including 5 million outside the US. "We’ll have 7.5 billion to 8 billion dollars of content expense (on a P&L basis) in 2018 across a wide variety of formats (series, films, unscripted, docs, comedy specials, non-English language) to serve the diverse tastes of our growing global membership base," it added. Source: Netflix statement
My report for STL Partners exploring the future of Netflix and Spotify is available here.
About this weblog
What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Tuesday, April 17, 2018
Thursday, April 12, 2018
EU Fibre-to-the-Home Bill To Top 500 Billion Euros
The European Commission has estimated that about 500 billion euros of capital expenditure will be required to expand fibre to the home (FTTH) services across the EU by 2025. Speaking at the Gigabit Access event in Brussels on Tuesday, Anthony Whelan, director of DG Connect Directorate B at the European commission, said: "We estimate the sort of investment required, if you follow the normal capex structures of the industry, will be somewhere in the region of 500 billion euros, and we see an investment cycle that would see us hitting around 335 billion investment by 2025. So you are looking at a shortfall in excess of 150 billion euros and various strategies need to be devised to address that gap." source: Total Telecom article
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