Netflix Surpasses 62 Million Global Streaming Subscribers in Q1
Streaming giant hits on revenue, comes in low on earnings per share estimates
Tony Maglio | April 15, 2015 @ 1:14 PM
Last Updated: April 15, 2015 @ 2:19 PM
Netflix
Netflix released its first quarter 2015 financials on Wednesday afternoon just after the U.S. stock markets closed, reporting earnings per share of $0.38 on net income of $23.7 million and $1.57 billion in revenue.
Wall Street had forecast earnings per share of $0.69 on $1.57 billion in revenue, according to numbers compiled by Yahoo Finance. Zacks saw EPS coming in at a penny lower. As such, the media company made its revenue mark, but fell quite shy on shareholder earnings.
In other negative sales-minus-expenses news, profit was down from 2014’s comparable three-month period.
But subscriptions were up, with the streaming giant adding 4.9 million subscribers in the most-recent 90-day period — a record for the company. The U.S. was responsible for 2.3 million of those new members. The total subscriber number rose to 62.27 million; 59.62 million are paid subscribers.
Netflix credited Season 3 of “House of Cards,” as well as new series “The Unbreakable Kimmy Schmidt” and “Bloodline,” for its most-recent leap.
During the quarter in question, the company also announced the following coming original films: “PeeWee’s Big Holiday,” from Judd Apatow and Paul Reubens; “Jadotville,” from Irish director Richie Smyth and starring Jamie Dornan; and “Beasts of No Nation” from director Cary Fukunaga and starring Idris Elba. “Beasts” will premiere on Netflix later this year.
On its newfound competition, Netflix execs Reed Hastings and David Wells stated:
“In the U.S., HBO began offering its $15 per month “HBO Now” service last week. As we have said in the past, Netflix and HBO are not substitutes for one another given differing content. We think both will continue to be successful in the marketplace, as illustrated by the fact that HBO has continued to grow globally and domestically as we have rapidly grown over the past five years.”
“We view ‘Internet MVPD’ offerings like the rumored Apple offering, Sony’s Playstation Vue and Dish’s Sling TV as more competitive to the current pay TV bundle than to Netflix, which is lower cost, has exclusive and original content, and is not focused on live television.”
During Wednesday’s U.S. trading day, Netflix fell fairly substantially, dropping $3.25 per share, or 0.68 percent. That said, immediately following the announcement, the stock (NFLX) skyrocketed in after-hours markets to $535.57 per share at the time of this writing, up $60.34 or 12.64 percent.
Netflix bosses said they are working on a stock split to make its high price “more accessible.”
The company renewed hit series “Orange Is the New Black” for a fourth season this morning.
For 2014’s comparable quarter, Netflix added four million total subscribers. Revenue was $1.27 billion; net income was $53.1 million; diluted EPS was $0.86.
Netflix’s investor call is set for 6 p.m. ET, at which point this post will be updated with any pertinent information.
21 Buzziest Streaming Shows: From 'Marco Polo' to 'Transparent' (Photos)
The Amazon Studios original series "Transparent" chronicles the abnormal life of the Pfefferman family once it's revealed that father Mort is transgender. The groundbreaking series won the Golden Globe for Best Television Series - Musical or Comedy, and Jeffrey Tambor snagged the award for Best Actor in a Television Series for his portrayal of Mort-now-Maura Pfefferman.
Amazon
With Season 2 having premiered in Oct. 2014, Amazon's political comedy "Alpha House" stars John Goodman, Clark Johnson, Matt Molloy, and Mark Consuelos as Republican U.S. Senators living together in Washington, D.C.
Amazon
The first two seasons of Netflix's insanely popular "Orange is the New Black" are ready to binge-watch (if you haven't already), and it's third season will be released in June.
Netflix
Actor and musician Steve Van Zandt stars in "Lilyhammer," the American version of a Norwegian series of the same name. Centering on a New York mobster starting a new life in Norway, all three seasons are currently available for streaming on Netflix.
Netflix
Netflix's first original cartoon series, "BoJack Horseman," is a delightfully politically incorrect comedy about a 90s sitcom star who has faded from the spotlight.
Netflix
Another Netflix original, "Hemlock Grove" is a dramatical thriller about a string of murders in the fictional town of Hemlock Grove, and the two men who investigate.
Netflix
"Marco Polo" is Netflix's historical drama about the explorer's early years in the court of Kublai Khan. The show stars Lorenzo Richelmy as Marco Polo and Benedict Wong as Kublai Khan.
Netflix
Netflix streaming gem "House of Cards," stars Kevin Spacey and Robin Wright as South Carolina Democrat Frank Underwood and his wife, Claire, as they execute ruthless schemes for power in Washington, D.C. The third season is scheduled to premiere in February.
Netflix
Marvel's live-action series "Daredevil" stars Charlie Cox and Vincent D'Onofrio, and follows the adventures of NYC lawyer Matt Murdock (Cox). Blinded as a child, his other senses are elevated to superhuman levels, allowing him to fight crime as masked vigilante Daredevil. The first season is available for streaming on April 10th.
Netflix
Krysten Ritter will star as Jessica Jones, the titular superheroine-turned-private detective in another Marvel and Netflix collaboration, "A.K.A. Jessica Jones." The series will air on Netflix in 2015, and will also star Mike Colter ("The Good Wife").
Netflix
The fourth and final season of the former AMC series, "The Killing," found a home on Netflix. The crime drama recently wrapped up its run with Mireille Enos and Joel Kinnaman in their lead roles as homicide detectives Sarah Linden and Stephen Holder.
Netflix
"Arrested Development" got a reboot for a fourth and final season on Netflix. Die-hard fans of the show argued over the success of the streamed season, but we still saw all original cast members return to reprise their quirky, dysfunctional roles in the Bluth family.
Netflix
The creepy crime drama, "The Fall," originally a BBC series, premieres its second season Jan. 16th on Netflix. Set in Northern Ireland, the show follows detective Stella Gibson and her pursuit of serial killer Paul Spector, played by Jamie Dornan ("Fifty Shades of Grey").
Netflix
Netflix continues its love of historical crime dramas with "Peaky Blinders." Set in 1919 post-WWI England, the crime saga follows a gang as they operate out of Birmingham, led by mob boss Tommy Shelby (Cillian Murphy).
Netflix
Cult favorite and former NBC comedy "Community" was brought from the brink of cancelation by none other than Yahoo. Its sixth season will be available for streaming March 17th, and will add Paget Brewster ("Criminal Minds") to its main cast.
NBC
"Comedians in Cars Getting Coffee," the brainchild of Jerry Seinfeld, premiered on Crackle in 2012. Seinfeld has let us in on chats with Louis C.K., Jimmy Fallon, Larry David, and many others.
Crackle
Created by "Late Night" host Seth Meyers and streamed on Hulu, offbeat superhero comedy "The Awesomes" follows Prock (voiced by Meyers) the son of Mr. Awesome, the greatest superhero on earth. When Mr. Awesome retires, Prock gathers his own team of sub-par heroes, and hilarity ensues.
Hulu
Hulu original comedy "The Hotwives of Orlando" blatantly spoofs the "Real Housewives" franchise. It stars Casey Wilson, Kristen Schaal, Angela Kinsey, Danielle Schneider, Tymberlee Hill and Andrea Savage as wealthy housewives in Orlando, Florida. The second season will premiere sometime in 2015 and follow a new group of women living in Las Vegas.
Hulu
Another Hulu original, "Quickdraw" tells the tale of Sheriff John Henry Hoyle, a recent Harvard graduate, and Deputy Eli as they blunder through Wild West crime in 1870s Kansas.
Hulu
Hulu's drama series "East Los High" chronicles the coming-of-age of a high school group in East L.A. The series marks Hulu's first with an all Latino cast, starring Alicia Sixtos (ABC Family's "The Fosters") and Vannessa Vasquez. The show was renewed for a third season.
Hulu
Continuing with the rise of original YouTube content, "Video Game High School" is a futuristic action comedy that follows BrianD (Josh Baylock), a newly admitted student to VGHS as he navigates the world of competitive gaming making friends and enemies along the way.
YouTube
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Online streaming sites are more popular than ever now that they’re creating original, knockout shows; here are TheWrap’s top picks
The Amazon Studios original series "Transparent" chronicles the abnormal life of the Pfefferman family once it's revealed that father Mort is transgender. The groundbreaking series won the Golden Globe for Best Television Series - Musical or Comedy, and Jeffrey Tambor snagged the award for Best Actor in a Television Series for his portrayal of Mort-now-Maura Pfefferman.