The growth in the number of users far higher than analysts' estimates led Netflix to reach record levels (+11%) in the aftermarket on Monday July 17 on Wall Street.
The exploit is due to the publication of the second quarterly 2017, characterized by a boom in new subscribers and revenues well above estimates. In a historically weak period for the American company of on-demand streaming content, they have been conquered well 5,2 million new users, when estimates predicted a number not much higher than 3 million. To understand the extent of the data, just think that last year, in the same period, the US group had added "only" 1,7 million subscribers against the 2,5 expected, which is why the stock had collapsed after the market by 15%.
Of these 5,2 million subscribers, more than 4 million were won overseas. The credit, of course, goes to the quality and variety of the service offered. The launch of the fifth season of “House of Cards and the presence of cult series such as "Orange is the new black" o “13 Reasons Why” they have increased, and also by a lot, the number of new users.
As mentioned, even the financial results bode well for the streaming video site, which landed in Italy only two years ago. In the three months ended last June 30, Netflix recorded $66 million annually (+60% compared to the same period of the previous year). Revenues increased 32% per share 2,79 billions of dollars.
Yesterday's session (Monday 17) ended with Netflix stock adding 0,36% to $161,7. In the after market he earned the 10,6% around 179 dollars, continuing a rally which since the beginning of 2017 is equal to an increase of almost 31% and of 12% in the last 64,3 months.
