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Netflix Expected to Post Q1 LossNetflix Expected to Post Q1 Loss

Also: TW Cable adds sports to TV streaming app; Comcast, Netflix execs pull down big bucks in 2011; another Cablevision exec departs

Jeff Baumgartner

April 23, 2012

2 Min Read
Netflix Expected to Post Q1 Loss

Welcome to today's cable news snapshot.

  • Netflix Inc. (Nasdaq: NFLX) is expected to post a first-quarter loss of 27 cents per share on revenues of $866 million, up 21 percent year-on-year, when it reports earnings Monday afternoon, according to Bloomberg's analyst survey. Netflix, which is taking a financial hit as it expands outside the U.S., is also expected to end the period with 23.4 million U.S. streaming subscribers, a gain of 1.73 million versus the previous quarter. (See Netflix Subs Rebound in Q4 .)

About the Author(s)

Jeff Baumgartner

Senior Editor, Light Reading

Jeff Baumgartner is a Senior Editor for Light Reading and is responsible for the day-to-day news coverage and analysis of the cable and video sectors. Baumgartner, who previously had served as Site Editor for Light Reading Cable from 2007-2013, was most recently Senior Content Producer-Technology at Multichannel News, heading up tech coverage for the publication's online and print platforms, and was a regular contributor to Broadcasting & Cable, a sister publication to Multichannel News. Baumgartner was named to the 2018 class of the Cable TV Pioneers.

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