Netflix (NFLX) Hastings Says 4 Billion Hours Streamed in Q1
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What Does 4 Billion Streaming Hours Mean for Netflix (NFLX)? Analyst Breaks It Down
April 12, 2013 10:49 AM EDTJanney Capital analyst Tony Wible weighed in on Netflix (NASDAQ: NFLX) after CEO Reed Hastings noted on his Facebook page Thursday that the company had streamed over 4 billion hours of content during the first quarter of 2013.
This stat from Netflix is a significant positive, says Wible, and compares to 1 billion hours streamed in June 2012. According to the analyst, the data will: 1) will build confidence around NFLX's terminal sub base target; and 2) suggests originals can help reduce churn and/or improve gross additions.
"The new streaming statistics could imply 1.28 hours (77... More
Netflix (NFLX) May Post to Blog, Facebook, Twitter or Reed Hastings' Public Facebook Page
April 10, 2013 5:06 PM EDTNetflix (NASDAQ: NFLX) provided investors a list of social media channels it may use to disclose information.
From Netflix:
On December 6, 2012, we announced that Netflix, Inc. (NASDAQ: NFLX) and its Chief Executive Officer Reed Hastings each received a Wells Notice from the Staff of the Securities and Exchange Commission (SEC) indicating its intent to recommend that the Commission bring enforcement proceedings against... More
