Netflix Announces Q2 Earnings Date, Record Online Views ExpectedVW Staff
On Tuesday, Netflix, Inc. (NASDAQ:NFLX) announced that its second quarter financial results and business outlook will be reported on July 24, 2012.
According to a corporate press release, at approximately 1:05 p.m. Pacific Time on that day, the company will issue a brief advisory release via the newswire. It will include a link to the second quarter’s 2012 financial results and shareholders’ letter on its website.
In addition, Netflix’s executives will host a Q&A session beginning at 3:00 p.m. Pacific Time to talk about the company’s financial results and business outlook; questions may submitted via email to email@example.com. They will be read by the company on the call and management will respond to as many as possible.
For interested parties unable to hear the live webcast, there will be a replay of the earnings Q&A session on Netflix’s investors relations section on its website.
Also on Tuesday, the company’s chief executive officer Reed Hasting posted on his Facebook page that in June, Netflix viewers watched more than 1 billion hours of movies and TV shows online; this represented a record amount for the company, reported Bloomberg.
Back in January, the company had reported that viewers for 2011’s fourth quarter had totaled 2 billion hours-plus but Joris Evers, a Netflix spokesman, did not state the company’s previous record on Tuesday.
Recently the company has been collecting exclusive content to challenge its competitors such as Amazon.com (NASDAQ:AMZN), Hulu LLC and additional streaming services. When Hastings posted the viewing total on Facebook, he gave a nod to the company’s chief content officer, Ted Sarandos and said that new programming will take the totals even higher.
Hastings wrote, “When ‘House of Cards’ and ‘Arrested Development’ debut, we’ll blow these records away.”
The company’s shares increased 6.2 percent on the news Tuesday. It’s been a challenging year for Netflix and year-to-date, its shares are up 3.97 percent.