Expectations have been rising ahead of Netflix’s (NFLX) second-quarter earnings, set to be released after the market close Monday, with analysts estimating that the Internet video streamer will report EPS growth of 136% on 25% revenue growth, boosted by the popularity of its “Orange is the New Black” show. Analysts polled by Thomson Reuters expect Netflix to report profit of $1.16 per share on revenue of $1.334 billion. Netflix stock has shot up
Expectations have been rising ahead of Netflix’s (NFLX) second-quarter earnings, set to be released after the market close Monday, with analysts estimating that the Internet video streamer will report EPS growth of 136% on 25% revenue growth, boosted by the popularity of its “Orange is the New Black” show. Analysts polled by Thomson Reuters expect Netflix to report profit of $1.16 per share on revenue of $1.334 billion. Netflix stock has shot up
The rise of original programs on Internet-based streaming video services will drive content costs higher as competition heats up between the services and traditional cable TV networks, says Standard & Poor’s in a report. Netflix (NFLX), Amazon.com (AMZN) and Hulu have stepped up spending on original shows, aiming to create hits that attract more online viewers. Yahoo (YHOO) and Microsoft (MSFT) also are looking to make an impact in online video