Seeking Alpha

Carl Icahn and Whitney Tilson, feel free to celebrate: Netflix (NFLX) is up 34.5% AH after...

Carl Icahn and Whitney Tilson, feel free to celebrate: Netflix (NFLX) is up 34.5% AH after beating Q4 estimates and sub forecasts, and providing strong Q1 guidance. Netflix expects to add 1.4M-2.1M domestic streaming subs in Q1, and 500K-1.2M international subs. Domestic streaming's margin rose 210 bps Q/Q to 18.5% in Q4, and DVD's by 190 bps to 50.1%. The international ops lost $105M. Netflix mentioned on its call it expects content costs to grow at a slower pace than revenue in 2013, though it also pegs content liabilities at $5.6B. A debt offering may be in the cards.
Comments (3)
  • Way to go Nflx. Much deserved
    23 Jan 2013, 07:33 PM Reply Like
  • WA State wanna-be..
    23 Jan 2013, 10:48 PM Reply Like
  • so seeking alpha was incorrect on Q4 predictions?
    24 Jan 2013, 03:03 PM Reply Like
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