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Netflix adds almost 5 million subscribers in Q1

2015-04-16 08:40:00| Telecompaper Headlines

(Telecompaper) Netflix added 4.88 million new subscribers in the first quarter, to take its customer base to 62.27 million at the end of March. The result was better than its forecast for 4 million net customer additions. In the US, the company added 2.28 million streaming customers for a total 41.40 million, and revenues grew to USD 985 million from USD 799 million a year earlier. International customers increased by 2.60 million to 20.88 million, and revenues rose to USD 415 million from USD 267 million a year ago. The operating loss from the international activities narrowed to USD 65 million from USD 79 million in Q4, but Netflix said this will swell again to over USD 100 million in Q2 following its recent launch in Australia and New Zealand. Total operating profit for Q1 was little changed year-on-year at USD 97 million, while net income more than halved to USD 24 million, hurt by negative currency effects. Free cash flow was a negative USD 163 million as the company continues to invest in original content. For the second quarter, Netflix expects net additions in the US to slow to around 0.6 million, and its international markets to gain around 0.9 million customers. The company plans to launch in more countries later this year, starting with Japan. 

Tags: in million adds subscribers

 

DuPont (DD), PepsiCo (PEP), Mondelez (MDLZ): Activist Billionaire Nelson Peltz Beats the Market in Q1

2015-04-15 04:56:25| Chemicals - Topix.net

Nelson Peltz 's Trian Partners is embroiled in a vicious proxy fight with E. I. du Pont de Nemours and Company , which occupies the top spot in its equity portfolio. However, that hasn't stopped the activist fund manager from delivering solid returns to his investors.

Tags: market nelson beats activist

 
 

Philippine auto sales breach 60,000-mark in Q1

2015-04-13 12:14:58| Auto Dealers - Topix.net

MANILA Sales in the automotive industry jumped 22 percent from January to March this year, setting a new record of more than 60,000 units sold in the period. The Chamber of Automobile Manufacturers of the Philippines Inc. and the Truck Manufacturers Association said first quarter sales jumped 22 percent to 62,882 units in the first quarter of 2015 from 51,722 units sold in the same period last year.

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Worldwide PC Shipments Slip Again in Q1

2015-04-11 03:01:59| PC Magazine Software Product Guide

The desktop market might be down, but mobile PC shipments are up—a good sign for what could be five years of steady growth.

Tags: worldwide slip q1 shipments

 

Covidien plc (COV), CBS Corporation (CBS): Eton Park's Picks Handily Beat the Market in Q1

2015-04-10 11:26:57| Industrial Machines - Topix.net

Eric Mindich's Eton Park Capital enjoyed a strong first quarter of 2015 according to our returns metric. That metric estimates a fund's quarterly returns based on the positions held at the beginning of the quarter in companies with a market cap of at least $1 billion.

Tags: market corporation beat parks

 

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