Netflix, Inc. (NFLX) research, news, and more from GeoInvesting

Company description

Mon, 26 Jan 2009 05:00:00 GMT

Netflix, Inc. is the world's largest online movie rental service, with more than nine million subscribers. For one low monthly price, Netflix members can get DVDs delivered to their homes and can instantly watch movies and TV episodes streamed to their TVs and PCs, all in unlimited amounts. Members can choose from over 100,000 DVD titles and a growing library of more than 12,000 choices that can be watched instantly. There are never any due dates or late fees. DVDs are delivered free to members by first class mail, with a postage-paid return envelope, from more than 55 distribution centers. More than 95 percent of Netflix members live in areas that generally receive shipments in one business day. Netflix is also partnering with leading consumer electronics companies to offer a range of devices that can instantly stream movies and TV episodes to members' TVs from Netflix.

Comments & Business Outlook

Sun, 26 Jul 2009 04:00:00 GMT

"We continued to execute very well in the second quarter and are on track to deliver a record 2009," said Reed Hastings, Netflix co-founder and chief executive officer. "As our subscriber base and disc shipments continue to expand, and as we offer more opportunities to watch instantly via the Internet, we believe we are striking the right balance between growth, investment and earnings."

April 23, 2009 Netflix issued 2009 third quarter guidance and increased its previously issued 2009 financial guidance.

3rd Quarter 2009 Guidance Ending September ^a

	3rd Quarter 2009 Guidance	3rd Quarter 2008 Reported	Period Change
GAAP Revenue	$409 to $416.0 million	$341.3 million	19.8% to 21.9%
GAAP EPS	$0.39 to $0.47	$0.33	18.2% to 42.4%

Source: See Release, July 23, 2009

FULL YEAR 2009 Guidance Ending December ^a

	Full Year 2009 Guidance	Full Year 2008 Reported	Period Change
GAAP Revenue	$1.65 to $1.67 billion	$1.36 billion	21.3% to 22.8%
GAAP EPS	$1.65 to $1.82	$1.32	25.0% to 37.9%

Source: See Release, July 23, 2009

^aThe above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Comments & Business Outlook

Sun, 19 Jul 2009 04:00:00 GMT

'First quarter results showed strong momentum driven by consumer attraction to our unlimited rental proposition,' said Reed Hastings, Netflix co-founder and chief executive officer. 'We added more net subscribers than in any previous quarter in our history and grew year-over-year GAAP EPS by 76 percent.'

April 23, 2009 Netflix issued second quarter guidance and increased its previously issued 2009 financial guidance.

2nd Quarter 2009 Guidance Ending June ^a

	2nd Quarter 2009 Guidance	2nd Quarter 2008 Reported	Period Change
GAAP Revenue	$403 to $409 million	$337.61 million	19.4% to 21.1
GAAP EPS	$0.44 to $0.53	$0.42	4.8% to 26.2%

Source: See Release, April 23, 2009

FULL YEAR 2009 Guidance Ending December ^a

	Full Year 2009 Guidance	Full Year 2008 Reported	Period Change
GAAP Revenue	$1.63 to $1.67 billion	$1.36 billion	19.9% to 22.8%
GAAP EPS	$1.56 to $1.72	$1.32	18.2% to 30.3%

Source: See Release, April 23, 2009

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Comments & Business Outlook

Mon, 26 Jan 2009 05:00:00 GMT

Guidance Report:

2009 First Quarter Guidance

2009 Revenue Guidance	2009 EPS Guidance	2008 Reported EPS	Implied Growth Rate
$387 million to $393 million	$0.25 to $0.33	$.38	-34% to -13%

2009 Full Year Guidance

2009 Revenue Guidance	2009 EPS Guidance	2008 Reported EPS	Implied Growth Rate
1.58 billion to $1.635 billion	$1.43 to $1.59	$1.32	7.58% to 20.45%

The Company also is announcing today that its Board of Directors has authorized a stock repurchase program for 2009. Based on the Board's authorization, the Company anticipates a repurchase program of up to $175 million.