Netflix hits 125 million subscribers

2014 NY Pride- Netflix's Orange Is The New Black

Netflix demonstrated how well its formula works again Monday with the release of its first-quarter earnings. The operating margin is forecast at 12 percent, with the full operating margin seen at 10-11 percent. This was higher than our beginning of quarter guidance, due primarily to the timing of content spend. The online streaming business recorded healthy earnings and said it added more new customers than anticipated in the first three months of 2018.

UnitedHealth (UNH.N) rose 1.78 percent after the largest USA health insurer raised its earnings forecast and posted results that beat Wall Street estimates.

Hastings added, Netflix has no plans of heavily increasing the number of original shows produced.

Netflix's addition of 7.41 million global subscribers set a new record, marking growth of 50 percent from a year ago.

Though the Los Gatos, Calif. -based company has made only one acquisition in its 20-year history - comic-book publishing company Millarworld - Netflix chief content officer Ted Sarandos signaled his interest. Even Facebook is pushing deeper into video content. (Netflix's CEO Reed Hastings sits on its board).

It's an interesting admission for the company, whose valuation is approaching $140 billion after reporting strong Q1 earnings on Monday afternoon.

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Netflix said it expects revenues of $3.8bn in Q2, with 6.2m net subscriber additions. That includes "O Mecanismo", which is on pace to become one of the service's most-viewed original series in Brazil, and Spanish language heist thriller "La Casa de Papel" the most-watched non-English series ever on Netflix. Investors have persisted in fixating on subscriber numbers because it's the proof they need that Netflix's strategy to splurge heavily on new programming is paying off. Also last month, the board of the prestigious Cannes film festival banned Netflix films from award competition, prompting Netflix to pull out of screening at the festival at all. It's not common for growth to re-accelerate at an already large company, particularly one like Netflix, which has already signed up roughly half or more of United States households that have fast Internet service. "Topical interview shows, absolutely, but keep in mind, those are entertainment".

More amusingly, Netflix has used its moment in the spotlight to throw a bit of thinly-veiled shade at self-proclaimed "technology company" Facebook and the "other issues" now engulfing the industry. Hastings said the company still has a long way to go to compete with the likes of YouTube and noted that Netflix's ability to raise prices depends on providing more value than competitors. I think shares are likely to continue higher from here, meaning new all-time highs should be coming soon.

Netflix has allayed concerns about its cash burn by continuing to add subscribers. Executives said on a conference call that the "new wave" of operator partnerships was a consistent shift across all geographic markets.

"We're very different from the ad-supported businesses, and we've always been very big on protecting all of our members' viewing", Hastings said.

Twenty years after it launched, people are still signing up for Netflix in droves. "It definitely helps to have confidence on the growth of the internet". "The business has grown faster than we expected".

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