Reuters/Stephen Chernin
Actor Kevin Spacey at
Revenue was in line with expectations but EPS killed it, and the stock jumped about 20% after-hours.
The big numbers are:
- Revenue: $1.02 billion versus $1.02 billion estimate
- EPS: $0.31 versus $0.20
- Earnings guidance: Sees Q2 EPS $0.23-$0.48 versus expectations of $0.30 EPS
 Netflix |
Netflix shared another interesting fact in its quarterly investor letter relating to its proprietary series, House of Cards.
The decision to release all 13 episodes of its first original series House of Cards worked in the company's favor.
CEO Reed Hastings wrote in the investor letter that the decision created "enormous media and social buzz, reinforcing our brand attribute of giving consumers completely control over how and when they enjoy their entertainment."
Netflix was widely criticized for its decision to release the entire series at once. Hastings said, "some investors worried that the House of Cards fans would take advantage of our free trial, watch the show, and then cancel. However, there was very little free-trial gaming—less than 8,000 people did this— out of millions of free trials in the quarter."