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For comparison, in the fourth quarter of 2018, revenue was $ 4.19 billion, profit - $ 134 million. At that time, the company had 139.26 million subscribers. Netflix provides streaming services in more than 190 countries.
For the first quarter of 2020, Netflix expects to make a profit of $ 1.66 per share on revenue of $ 5.73 billion. Analysts expect earnings of $ 1.20 per share on revenue of $ 5.76 billion. The company also expects to increase the number of paid 7 million subscribers (up to 174.09 million) in the 1st quarter, which does not correspond to the forecasts of analysts who expected more - 7.86 million subscribers. The number of people using the services of the American corporation Netflix for a paid subscription has grown in the world to 167.09 million.
The company reported negative free cash flow of $ 1.7 billion for the quarter and expects to see negative free cash flow of about $ 2.5 billion for 2020. Despite this, Netflix said it was still hoping to "move slowly" in the direction of positive value of free cash flow in the future.
In a letter to shareholders of the company, Netflix called the recent price changes the reason for the low growth of subscribers in the USA and Canada, as well as the recent launches of competing streaming platforms. The company said the impact of competing services outside the US was negligible. It is worth noting that the streaming service from competitors such as Disney has not yet been launched worldwide.
source: bloomberg.com
For the first quarter of 2020, Netflix expects to make a profit of $ 1.66 per share on revenue of $ 5.73 billion. Analysts expect earnings of $ 1.20 per share on revenue of $ 5.76 billion. The company also expects to increase the number of paid 7 million subscribers (up to 174.09 million) in the 1st quarter, which does not correspond to the forecasts of analysts who expected more - 7.86 million subscribers. The number of people using the services of the American corporation Netflix for a paid subscription has grown in the world to 167.09 million.
The company reported negative free cash flow of $ 1.7 billion for the quarter and expects to see negative free cash flow of about $ 2.5 billion for 2020. Despite this, Netflix said it was still hoping to "move slowly" in the direction of positive value of free cash flow in the future.
In a letter to shareholders of the company, Netflix called the recent price changes the reason for the low growth of subscribers in the USA and Canada, as well as the recent launches of competing streaming platforms. The company said the impact of competing services outside the US was negligible. It is worth noting that the streaming service from competitors such as Disney has not yet been launched worldwide.
source: bloomberg.com
