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Netflix's strategic focus since the beginning of the streaming era has been paying off, according to Ish Entertainment CEO Michael Hirschorn. Netflix has raised its full-year revenue and margin outlook while maintaining its free cash flow forecast at approximately $6 billion. The company's run rate revenues have increased nearly eightfold over the past decade, reaching around $39 billion. Netflix's CEO stated that the company will only stream the best pro sports events, citing the difficulty of profiting from an entire season of big league sports. The TSOH Investment Research Service will provide an update on Netflix tomorrow morning, with full transparency on any proposed portfolio changes.
Analyst: "$NFLX has raised their full year revenue & margin outlook but did not change their FCF forecast of ~$6B. Is this just a pull forward in cash content spend or is there anything else that is impacting your FCF guidance?" CFO: "Nothing else impacting it" https://t.co/Eh7H36woSQ
Over the past decade, $NFLX run rate revenues up ~8x to ~$39 billion Netflix update tomorrow morning at the TSOH Investment Research Service - as always, it will include 100% transparency on any proposed portfolio changes (disclosed to subscribers before they're executed). https://t.co/2nFQuf7i7s
$NFLX I'm still scratching my head on that report... very mixed. Subs good, but no details on how... Guidance meh.... Treat us like a Media company.. okay the you want a P/E under 10????? 100D big spot held it last time.. https://t.co/QFspaJhZd2