Netflix Explodes Higher After Smashing Subscriber Expectations, Will Burn Up To $4BN In 2018

For the third consecutive quarter, Netflix stock is spiking after reporting earnings, a repeat of what it did last quarter and the quarter before, up as much as 8% after hours, and reaching its all time high price of $334 per share and just shy of all time highs after reporting Q1 2018 numbers which while coming line with with expectations on revenue ($3.

701Bn, Exp. $3.69Bn), and non-GAAP EPS (Adj. EPS $0.64, exp. $0.64), were far more remarkable once again for the latest beat in the subscriber numbers, which again smashed expectations especially on the international streaming side, as follows: