After substantial losses in 2014, Netflix regains slightly on announcement of new series.
Investors are about to see what $3 billion will buy for new releases of original series and what over $400 million on technology development gains. For Netflix, the internet TV network, this may be the rescue package the company needs for 2015.
Netflix fourth-quarter 2014 financial results and business outlook are due on Tuesday, January 20, 2015. In Q3, the report posed a positive projection stating, ‘We are forecasting adding another 4 million members in Q4, ending 2014 with over 57 million global members.’ Q3 revenue showed $1,223m as opposed to Q3 revenue in 2013 of $884m, whilst expectations for Q4 2015 are projected at $1,305m.
April 2014 saw Netflix drop to just under the 300 mark, by September shares were up to 388 but sharp falls in the last quarter saw lows of 328. Netflix gained 5 points yesterday and closed on 334.35.
Netflix announcement of upcoming premiere dates for new original series, may give new impetus for traders in the two week run-up to the next earnings report.
The 2015 new schedule cost $3 billion and includes:
Marco Polo, new 10 episode second series
Unbreakable Kimmy Schmidt, 13 episodes launched on Friday, March 6, 2015
Bloodline, 13 episodes launching on Friday, March 20, 2015
Marvel’s Daredevil, series launching on Friday, April 10, 2015
Grace and Frankie, 13 episodes launching on Friday, May 8, 2015
Kids and Family Originals including The Adventures of Puss in Boots premiered in January and the second season of the hit series Mako Mermaids launching in February 2015
MT4 chart: Netflix
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