Netflix Beats on Subscribers; Free Cash Flow Burn Pushed Out to 2H
Netflix started 2018 with strong subscriber growth as the firm beat its guidance once again. While segment contribution came in above our projections, the firm pushed out its content and marketing spend into the second half of the year. As a result, the free cash flow loss for the quarter was only $287 million, an improvement sequentially from the loss of $524 million in the fourth quarter. However, management continues to project free cash flow burn of $3 billion to $4 billion for 2018, up shar...Netflix is engaged in subscription streaming entertainment service including TV series, documentaries and feature films across a variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, without commercials. Additionally, several members in the United States subscribe to the company's DVD-by-mail service. The company improves its streaming content with a focus on a programming mix of content. The company's members can download a selection of titles for offline viewing. The company operates its business as a global operating segment.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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