Netflix, Inc. Earnings Cheat Sheet: Profits Climb By Double Figures Again
S&P 500 (NYSE:SPY) component Netflix, Inc. (NASDAQ:NFLX) reported net income above Wall Street’s expectations for the most recent quarter. Netflix, Inc. provides subscription service streaming movies and TV episodes over the Internet and by mail.
Netflix Earnings Cheat Sheet for the Second Quarter
Results: Net income for Netflix, Inc. rose to $68.2 million ($1.26 per share) vs. $43.5 million (80 cents per share) in the same quarter a year earlier. This marks a rise of 56.7% from the year earlier quarter.
Revenue: Rose 51.7% to $788.6 million from the year earlier quarter.
Actual vs. Wall St. Expectations: NFLX beat the mean analyst estimate of $1.11 per share. Analysts were expecting revenue of $790.5 million.
Key Stats: The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 37.9%, with the biggest boost coming in the most recent quarter when revenue rose 51.7% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 86.6% and in the fourth quarter of the last fiscal year, the figure rose 52.3%.
The company has now topped analyst estimates for the last three quarters. It beat the mark by 4 cents in the first quarter and by 16 cents in the fourth quarter of the last fiscal year.
Competitors to Watch: Coinstar, Inc. (NASDAQ:CSTR), DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Cablevision (NYSE:CVS), Google Inc. (NASDAQ:GOOG), DirecTV (NASDAQ:DTV), CBS (NYSE:CBS), TiVo (NASDAQ:TIVO), AT&T (NYSE:T), Verizon (NYSE:VZ), Sprint (NYSE:S) and Time Warner Cable Inc. (NYSE:TWC).
(Source: Xignite Financials)