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SLIDEBOOM: Springhill Care Group: Netflix announce loss on 1Q - 0 views

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    Slide 1 Springhill Care Group: Netflix announce loss on 1Q Slide 2 The largest video subscription service provider Netflix fell the most in 6 months, following a prediction of slowdown in growth of local streaming subscribers. Netflix has posted a net loss of 8 cents per stock or USD 4.58 million during the first quarter due to costs from the United Kingdom and Latin America expansion. That is significantly smaller than the USD 9 to 27 million loss projected in January. Meanwhile, sales increased by 21% to USD 869.8 million, beating the estimated USD 865.5 million. According to Springhill Florida Group, Netflix could gain 200,000-800,000 streaming subscribers during the 2nd quarter as opposed to a net increase of 1.7 million during the last one. Stockholders seemed to have hesitated, accounting for a fall in its shares, 65% in the previous year. Slide 3 Its DVD-by-mail service is still a major part of the profits accounting for 46% of the total, despite having less than half of the number of subscribers on its streaming counterpart. But even if the mail service is rapidly losing subscribers as they turn to streaming, the loss rate is fortunately declining. On the other hand, streaming services accounts for 13% of the total profits during the recent quarter. Fortunately, the firm has set a streaming record on its first quarter, with subscribers watching an average of 1 hour per day. And as part of maintaining its recovery, CEO Reed Hastings announced that there are no plans to raise prices and their primary focus now is on adding more subscribers. But with an increasing number of competitors, Netflix needs to stand out. However, with its subscribers not increasing as much as they hoped, Hastings hopes to invest into original series and expand globally. Those plans obviously cost a lot of money and without revenue from ads, it only relies on the influx of more subscribers. Slide 4 Netflix has new US subscribers for its streaming services, accounting or 1.7 mil
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