Netflix''s profit rises to $178,200,000 in Q1

New York-Netflix recorded profit of $178,200,000 in the first quarter, or $0.40 per share. In the comparable period of 2016, the company had recorded a profit of $27,700,000, or $0.06 per share.
The revenue of the company, in addition, advanced 35% compared to the previous year, to $2.64 billion, as predicted by analysts ears by Thomson Reuters.
In the case of profit, but the results surpassed the expectations of analysts, which was $0.37 per share.
Already the growth in the number of subscribers in the United States and abroad slowed in the first quarter and was below forecasts.
On the other hand, content costs were lower than anticipated. The company based in Los Gatos, Calif., reported 98,750,000 total subscribers, up from 81,500,000 of same period in 2016.
Analysts predicted 98,900,000 total subscribers. The company said in a letter to shareholders that was the way to get over 100 million subscribers this week.
The company was able to 3,530,000 subscribers abroad in the quarter in focus, below the goal of 3,700,000. Compared to the previous year, 4,510,000 grew to international subscribers.
In the US, the growth of subscribers slowed, with 1.42 million more of them, below the goal of 1.5 million. Compared to the previous year, there were more u.s. 2,230,000 subscribers of the company.
The Neftlix ended the quarter with 50,850,000 of consumers in the U.S. and 47,900,000 abroad.
The Neftlix operates in more than 190 countries, but has not yet entered into one of the most potential markets for the company, China.
The company has said it is optimistic that it can offer your service in China in the near future, in the face of regulatory obstacles.
Netflix reported that profit should be less in the second quarter, due to higher costs with content, including the premiere of the fifth season of "House of Cards" and more original movies.
The company expects to record a profit of $66 million, or $0.15 per share.
This year, until Monday the action had climbed 19 percent, ending the day at $147.25. After the swing, the role fell 0.77% in after-hours, near the 5:30 pm (Eastern).