Netflix Reports Strong Subscriber Growth; Free Cash Flow Burn Projected to Accelerate
Netflix posted a very strong quarter in terms of subscriber growth as the firm handily beat its guidance. Due to the beat on international subscribers, both revenue and segment contribution came in above our projections. However, the firm continues to burn cash at a faster pace with a free cash flow loss of over $2 billion in 2017 versus a loss of over $1.7 billion last year. Management expects the free cash flow burn for 2018 to increase to $3 billion to $4 billion. Despite the beat on subscrib...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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