Netflix FVE uendret på 120

Netflix reported stronger-than-expected subscriber growth in third quarter of 2018 as the firm beat its very conservative total streaming add guidance by two million subscribers.

Niel Macker 17.10.2018 | 10:14
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Segment contribution margin came in above our projections as the firm pushed out some of its content and marketing spend into the fourth quarter. Despite the shift, the free cash flow loss for the quarter was $859 million, raising the loss for the year to $1.705. We are retaining our narrow moat rating and our fair value estimate of $120 as we project that the firm faces increased competition over the next five years, necessitating an ongoing cash burn and curtailing the speed of margin expansion.

Revenue of $4.00 billion came in line with our $4.06 billion estimate. Netflix posted stronger-than-expected subscriber growth in both the international (6.07 million net adds versus guidance of 4.45 million) and U.S. segments (1.00 million net adds, versus guidance of 0.70 million). Netflix continues to expand its streaming base, ending the quarter with more than 130.42 million global paid subscribers, up from 104.02 million a year ago.

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Navn på verdipapirPrisEndring (%)Morningstar Rating
Netflix Inc589,35 USD0,49Rating

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Niel Macker  er aksjeanalytiker hos Morningstar.

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