ITG Research: Netflix Revenues Trending Higher, Above Street Expectations (NFLX)
- Updated: August 20, 2013
ITG Research’s data says Netflix (NASDAQ: NFLX)’s Q3 domestic revenues are trending towards $917 million-$922 million compared to the street’s expectations of $918 million. Furthermore, domestic streaming revenues are roughly $699 million, on track with consensus of $699 million.
The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The Domestic Streaming segment offers access to content delivered over the Internet to various connected devices, such as PCs, Macs, game consoles, smart TVs, Blu-ray players, hone theatre systems, Internet video players, digital video recorders, and mobile devices. The International Streaming segment engages in the streaming services primarily in Canada, Latin America, the United Kingdom, Ireland, Finland, Denmark, Sweden, and Norway. The Domestic DVD segment provides DVDs-by-mail subscription services.
[stock-tools exchange="NASDAQ" symbol="NFLX" image_height="230" image_width="350"]
Disclosure: At the time of this writing, the author had no position in the company mentioned.
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