July 20 (Reuters) - Netflix Inc :
* QTRLY EARNINGS PER SHARE $2.97
* SEES Q3 EARNINGS PER SHARE $2.55
* QTRLY STREAMING NET ADDITIONS 1.54 MILLION
* SEES Q3 REVENUE $7,477 MILLION
* SEES Q3 STREAMING NET ADDITIONS 3.5 MILLION
* APAC REGION REPRESENTED ABOUT TWO-THIRDS OF OUR GLOBAL PAID NET ADDS IN THE QUARTER
* Q2 EARNINGS PER SHARE VIEW $3.16, REVENUE VIEW $7.32 BILLION -- REFINITIV IBES DATA
* Q3 EARNINGS PER SHARE VIEW $2.17, REVENUE VIEW $7.48 BILLION -- REFINITIV IBES DATA
* RECENTLY EXPANDED OUR LOW-COST MOBILE-ONLY PLAN TO AN ADDITIONAL 78 COUNTRIES ACROSS SOUTH EAST ASIA AND SUB-SAHARAN AFRICA
* NETFLIX - BELIEVE LARGE MEMBERSHIP BASE IN UCAN, WITH SEASONALLY SMALLER QUARTER FOR ACQUISITION IS MAIN REASON FOR PAID UCAN MEMBERSHIPS BEING DOWN VERSUS Q1
* NETFLIX - EXPECT CONTENT AMORTIZATION TO BE AROUND $12 BILLION FOR THE FULL YEAR
* NETFLIX - GAMES WILL BE INCLUDED IN MEMBERS’ NETFLIX SUBSCRIPTION AT NO ADDITIONAL COST SIMILAR TO FILMS AND SERIES
* NETFLIX - EXPECT A LONG RUNWAY OF INCREASING INVESTMENT AND GROWTH ACROSS ALL OF OUR EXISTING CONTENT CATEGORIES
* WHILE WE ARE CONTINUALLY EVALUATING OPPORTUNITIES, WE DON’T VIEW ANY ASSETS AS “MUST-HAVE”
* NETFLIX - FOUND THAT THE MOBILE ONLY PLAN HAS BEEN AN EFFECTIVE WAY TO INTRODUCE MORE CONSUMERS TO NETFLIX WHILE BEING ROUGHLY REVENUE NEUTRAL
* HAVEN’T YET FOUND ANY LARGE SCALE ASSETS TO BE SUFFICIENTLY COMPELLING TO ACT UPON
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