Netflix (NFLX): Q2 EPS of $1.26 beats by $0.15. Revenue of $788.6M (+52% Y/Y) misses by $2.9M....

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Fin858 Comments (450)
 
Ouch, burned $200MM in cash on content acquisition for the quarter....
25 Jul 2011, 04:23 PM Reply Like

Josh Krause Comments (1365)
 
BOOM Goes the Dynamite.

Beginning of the end of the story for this stock. Get your puts on after the rebound.
25 Jul 2011, 04:24 PM Reply Like

Stoploss Comments (1727)
 
But,but,but i thought bandwidth poaching was a free ride?
25 Jul 2011, 04:32 PM Reply Like

BigJ1260 Comments (141)
 
CNBC commentator just asked the Piper Jaffray Analyst who had pegged at $330 target- how he would explain the $491MM new line in liabilities on the Income statement for streaming content and the fact that not for that - cash flow would be negative. Analyst said something about fuzzy accounting and that they would have to look into it deeper.

Chickens coming home to roost finally
25 Jul 2011, 05:26 PM Reply Like

niaz Comments (13)
 
What NFLX is saying does not make sense. They know that customers are leaving because of the change of the deal and they will will have to cut profit estimates. Why donot they give customers a deal thats reasonable for them. Amazon fought with publishers so that it can give cheaper deals, What NFLX is saying that they will pay more money to hollywood and charge that to the customer. Good luck. Youtube have enough free entertainment. That customer base was their biggest asset. They will need to address this issue. May be it is too late for them.
26 Jul 2011, 02:23 AM Reply Like