Netflix added subscribers like gangbusters but it wont book as many next

first_img Is Netflix too expensive? Netflix doesn’t think so In a letter to shareholders, Netflix said it was in the middle of its price hikes in the US, Brazil, Mexico and some parts of Europe, which created “some modest short-term churn” — jargon for people quitting. But it downplayed the threat of new competitors like Apple and Disney rolling out streaming services. The company called them “world class consumer brands” but indicated their presence wouldn’t impact Netflix’s growth.”We don’t anticipate that these new entrants will materially affect our growth because the transition from linear to on demand entertainment is so massive and because of the differing nature of our content offerings,” Netflix wrote. “We believe we’ll all continue to grow as we each invest more in content and improve our service and as consumers continue to migrate away from linear viewing.”Netflix noted that its streaming video represents about 10% of viewing hours on televisions in the US.In its results, international subscriber base grew by 7.86 million members to 88.63 million, beating the 7.3 million additions the company predicted. In the US, Netflix added 1.74 million streaming customer, for a total of 60.23 million, surpassing its 1.6 million guidance.In the second quarter, Netflix expects to add only 300,000 streaming members in the US and 4.7 million new members internationally. Netflix predicts 55 cents per share in earnings for the period, while on average, Wall Street analysts who track Netflix expect 99 cents.Overall for the first quarter, Netflix reported a profit of $344 million, or 76 cents a share, compared with $290.1 million, or 64 cents a share, a year earlier. Revenue rose 22 percent to $4.52 billion.Analysts on average expected per-share profit of 57 cents — a penny more than Netflix’s guidance — and $4.5 billion in revenue. Digital Media 1:36 Earnings Netflix Share your voice Now playing: Watch this: Netflix’s Triple Frontier, an action flick starring Ben Affleck, was streamed by 52 million accounts in the first month.  Netflix Netflix’s latest report on its business had a twist ending this time: The streaming-video giant still is adding customers like crazy, but it doesn’t expect its growth to keep pace in the coming monthsUS subscribers grew by 1.74 million and its members abroad climbed by 7.86 million, Netflix said in a report Tuesday on its first-quarter financial performance. But the company predicted the current quarter’s subscriber ranks would increase by just 5 million people, roughly half of the 9.6 total members it added in the first three months of the year. Netflix also touted the viewership of some of its originals. Heist movie Triple Frontier, starring Ben Affleck, was watched by more than 52 million households in its first four weeks. Umbrella Academy, a superhero drama based on a comic book by Gabriel Bá, has been watched by 45 million subscribers in its first four weeks, the company said.Netflix’s cautious outlook comes days after entertainment giant Disney unveiled its Netflix rival, Disney Plus. Launching in the US later this year for $7 a month, Disney Plus will mark the company’s aggressive move onto Netflix’s streaming turf. Given the eye-popping catalog of shows and movies Disney plans to put on its streaming service, it’s easy to lose sight of how dominant Netflix is likely to stay. Compared with Netflix’s total subscribers, which surpassed 148 million per Tuesday’s report, Disney’s most optimistic projection for its growth five years after launching will still be shy of 100 million Disney Plus members.  Tags Post a comment 0last_img read more

2020 Audi S6 gets its USmarket pricing still no Avant though

first_img6:29 Audi’s corporate grille keeps getting bigger, but so does the S6’s performance. We’ll let it slide. Audi We’ve known the specs of the forthcoming 2020 Audi S6 for a while now, for both European and US models, but one thing we’ve been kept in the dark on was just how much it’d cost stateside. Not anymore. Audi on Thursday announced US pricing for its hotted-up midsizer, and we’re definitely interested.So just how much can you expect to shell out for your fancy German Q-ship? For the entry-level Premium Plus trim, you’ll spend $73,900, which actually compares favorably with the E53 AMG, which is only slightly cheaper but down 15 hp and a whopping 59 pound-feet of torque. Step up to the top-level Prestige trim at $77,800, and you’re more in BMW M550i xDrive territory, where the S6 is way down on power compared with the 4.4-liter turbo V8 in the Bimmer.Unlike the Euro model, our S6 will run on gasoline and be powered by the same 2.9-liter V6 engine that produces an extremely healthy 444 horsepower and 443 pound-feet of torque in the Audi RS 5. It’s is a very healthy if not wildly exciting powerplant, but this car isn’t exactly meant to be a hooligan. Unfortunately, there’s still no sign of the nerd-catnip Avant wagon version coming to the US.Some of the other highlights of the 2020 S6 include a 48-volt mild hybrid system that powers (among other things) an electric compressor that seeks to eliminate or at the very least drastically reduce turbo lag, making the engine more responsive. The compressor spins at a slow-compared-with-a-turbo 70,000 rpm but has a superfast 250-millisecond response time.The S6, of course, gets Quattro all-wheel drive and Audi’s latest eight-speed Tiptronic gearbox as standard and there will be an optional S sport package, for those drivers who want to turn the wick up a bit on a back road. Audi More From Roadshow 2019 BMW 330i xDrive review: The new and improved 3 Series 2020 Audi S6 gives the sedan a dash of sport 2019 Mercedes-AMG E53 Sedan review: A breath of fresh(er) air Share your voice 0 2019 Audi RS5 Sportback is a goody two-shoes 2020 BMW 7 Series first drive: Travel comfortably and carry a big grille Performance Cars Luxury cars Sedans Now playing: Watch this: Tags 39 Photos Post a comment Audilast_img read more