|Bid||5,980.00 x 500000|
|Ask||6,200.00 x 500000|
|Day's Range||6,000.01 - 6,180.00|
|52 Week Range||2,625.64 - 6,200.00|
|PE Ratio (TTM)||4,932.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A big reveal from Amazon ... the company has more than 100 million Prime members. CEO Jeff Bezos included the info in his annual letter to shareholders. The size of Amazon's Prime membership has been a long held secret and topic of speculation.
On April 16, 2018, Netflix (NFLX) reported yet another quarter of subscriber growth in 1Q18. Netflix’s subscriber base exceeded its forecast and Wall Street expectations, signaling growing demand for video streaming services.
One of Netflix’s (NFLX) main strengths, which keeps driving subscriber growth, is the consistent quality of its original content, which includes movies like The Cloverfield Paradox in addition to the gamut of third-party content that it offers. The streaming giant said towards the end of 2017 that it expected to spend between $7 billion and $8 billion on original content in 2018. Netflix said after reporting 1Q18 earnings that it expected to spend between $7.5 billion and $8 billion on original content this year.
Netflix (NFLX) reported EBITDA of $534.0 million in 1Q18. Netflix’s operating margin also expanded 232 basis points to 12.0% in 1Q18. In the earnings letter to its shareholders, the company said that the reported 12.0% margin was higher than the quarter’s guidance, primarily due to the timing of spending on content. Netflix’s marketing spending also surged 77.0% in the first quarter to $479.0 million.
Netflix’s (NFLX) subscriber growth keeps beating estimates, even the company’s own estimates. Another positive for the company is that subscriber growth was robust in both 4Q17 and 1Q18 despite hiking subscription rates for its standard plan from $9.99 per month to $10.99 per month in 2017. While Netflix is seeing relatively robust subscriber growth in the US, its domestic market is reaching its saturation point.
Netflix Inc. on Wednesday unveiled 10 new European projects that include seven original series, two documentaries and one Italian film. The streaming giant (NFLX), fresh from reporting blowout earnings for the first quarter on Monday, also announced that “Glow,” the women’s wrestling series starring Alison Brie and Marc Maron, will return with season 2 on June 29. Netflix Chief Content Officer Ted Sarandos said the company is launching more than 100 European projects this year.
‘Mercury 13,” a Netflix documentary, tells the story of a group of women, all highly experienced pilots, who thought that they might become part of NASA’s “man in space program”—a project whose very name should have been a warning that this was unlikely. The men chosen for Project Mercury, begun in 1958, were all military test pilots and would come to be known as the Mercury 7. There was one little-known fact about the Mercury project—women test pilots had been screened as well, 13 of them had qualified, and in some cases the females had done better than the males.