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Netflix Q2 2012 earnings: 530,000 more US subscribers and a return to profitability

Richard Lawler — Tue, 24 Jul 2012 16:07:00 -0400

Netflix recently let it drop that its users clocked in more than one billion hours of content-viewing in the month of June alone, although the big question for CEO Reed Hastings is how that relates to the company's subscriber base. The results are in from its Q2 2012 earnings report, and it's claiming 27.56 million streaming subscribers worldwide, up from 26 million last quarter. In the US alone that includes 23.94 million customers, after it reported 23.4 million in Q1, while DVD customers dropped by 850k to 9.24 million. While the number of new subscribers wasn't as high as some had hoped, the good news is the company is finally back in the black, with $889 million in revenue providing $6 million in net income. On the flip side, a plan to launch service in an "additional attractive European market" in Q4 is expected to result in temporary losses, but we'll find out more about those plans later in Q3.

One other issue that has been resolved is the search for a new Chief Marketing Officer resulting in the hiring of Kelly Bennett, formerly a marketing executive with Warner Bros. This morning Verizon and Redbox began to carefully pull back the cover on their competing offering, and Amazon has also been making significant waves in the space. However in response, Netflix says Amazon and Hulu Plus have yet to gain meaningful traction in relation to its viewing hours, and it expects Redbox Instant to face a "big challenge" to break into the existing top 3. Its current content deal with Epix will lose online exclusivity "shortly" although it will still offer those titles, we'll see if any of the competition joins in. Their biggest competition however, is expected to come from efforts like Comcast's new X1 and Sky's Now TV, while for HBO, the possibility of cooperation is actually raised (again). We'll see if that happens or if there are any more juicy details revealed on the investor call in a few minutes.

Filed under: Home Entertainment, Internet, HD

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ARM boosts profits by 45 percent, strengthens grip on the universe

Sharif Sakr — Tue, 31 Jan 2012 02:45:00 -0500

The British chip designer continued last year's growth streak with a 45 percent surge in quarterly normalized pre-tax profits compared to Q4 2010. Revenues also rose by 21 percent to £137.8 million ($217 million) -- not bad for a company that started out with twelve engineers in a barn. There's nothing complicated about CEO Warren East's explanation of the results -- he simply says that his company sold more designs to "more new customers" and also raked in more royalties from existing deals. Unless the global economies suffers badly in 2012, ARM says it expects to meet market expectations, targeting an annual profit of $860 million this year.

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Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income

Zach Honig — Tue, 18 Oct 2011 17:13:00 -0400

Apple may not have fared as well as expected in its own Q4, but just up the road in Silicon Valley Intel managed to exceed analyst predictions, posting record revenue of $14.3 billion -- up $3.2 billion, or 29 percent year-over-year. The company also set new records for microprocessor units shipped, and expects further growth over the next quarter, with notebook computer sales driving $14.7 billion in predicted Q4 revenue. Jump past the break for an in-depth look at the company's Q3, along with its outlook for the next quarter.

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Nearly half a million customers left T-Mobile in Q1 2011

Sean Buckley — Sun, 08 May 2011 10:20:00 -0400

Not even promises of a new Sidekick can keep T-Mobile from hemorrhaging customers, it seems, as the company reported significant losses in its Q1 statement for 2011. According to official Q1 financials, 471,000 contract customers either failed to re-up, or outright canceled their contracts. Stacked against a shortcoming growth of just 372,000 prepaid customers (including MVNO customers for sub-carriers), T-Mobile suffered a net loss of 99,000 users, a 29-percent increase in losses over the same period for the previous year. Ouch. The firm chalked its loss to increased "competitive pressures," which lends credence to AT&T's insistence that Sprint and Verizon are such fierce opponents that it has to acquire T-Mobile for the magenta-tinted carrier to stay in the game. You can judge the profits and pitfalls for yourself -- just hit the source link for the full financials.

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Big cable loses 500,000 subscribers in Q3, we neglect to send flowers

Ben Bowers — Fri, 05 Nov 2010 06:18:00 -0400

Last quarter was the first time ever that US pay TV subscription rates were down. Now, according to GigaOM's calculations, big cable suffered another set back in Q3, waving goodbye to over 500,000 subscribers in total. Comcast was saddled with over half of the carnage and lost 275,000 customers, while Time Warner took a 155,000 subscriber hit. Charter Communications and Cablevision fared slightly better, but still added 63,800 and 24,500 respectively to the industry pit of despair.

Naturally, the blame game for the poor numbers was aimed squarely at the weak economy and increased competition from over-the-top video providers. Before you call the undertaker away from his wrestling day job, though, remember that cable's traditional backstop is to raise prices for remaining customers -- vicious cycle, anyone? In fact, Comcast shared on its Q3 earnings call that average customer revenue rose by ten percent year over year to $136 a month. Charter's similarly jumped by nine percent to $126, and while Cablevision's didn't increase by the same rate, monthly revenue per customer still amounted to a whopping $149 a month. So whether the reason is cord cutting or simply hard times, it's hard to get worked up over self-inflicted wounds.

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Intel reports record $11.1 billion revenue, brings home $3 billion in bacon

Sean Hollister — Tue, 12 Oct 2010 18:44:00 -0400

Looks like Intel's having its best quarter ever all over again: this time, the company's reporting $3.0 billion in profit on a record $11.1 billion in revenue. Chipzilla attributes the surplus to three percent increases in laptop and server chips sales respectively, but none to Atom-based netbooks -- sales of Atom chips actually decreased by four percent. That may be more than you needed or wanted to know about the booming processor business, but humanitarians will be pleased to know it's not all about the silicon; Intel also hired 1,300 new flesh-and-blood employees last quarter to keep the machines running.

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Sony Ericsson posts $299 million Q2 2009 loss, PlayStation-integrated phone (probably Aino) coming Q4

Ross Miller — Thu, 16 Jul 2009 13:09:00 -0400

The good news, if you want to call it that, is that Sony Ericsson's most recent quarter loss is not as bad as its epic $382 million tab prior, and at this point there's no talk of further en masse job cuts. That said, this new report isn't exactly sunshine, and the Q2 results show a 213 million Euro ($299 million) net loss. Product shipments were around 13.8 million, down 43 percent compared with last year. Some blame is attributed to the focus on mid-tier feature phones in lieu of a greater smartphone push -- SE says it's working to correct that direction, but its higher end devices won't hit until fourth quarter. One interesting note is that one of those late-year handhelds is said to "integrate with PlayStation," but before you get excited over the oft-rumored PSP phone, we'd venture to say it's more likely that description's referencing the Remote Play-supporting Aino. From what we can tell, there's no indication of what's in the cards to improve Q3, so we won''t exactly be surprised if the story repeats itself three months from now.

Filed under: Handsets, Sony Ericsson, Mobile

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Sony Ericsson posts $299 million Q2 2009 loss, PlayStation-integrated phone (probably Aino) coming Q4

Ross Miller — Thu, 16 Jul 2009 13:09:00 -0400

Filed under: Cellphones

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Softbank's operating profit climbs 8.1%, isn't good enough

Darren Murph — Wed, 06 Aug 2008 23:12:00 -0400

Seen exclusively, an 8.1% rise in operating profit is pretty remarkable. But when you consider that rival NTT DoCoMo just posted a 41% boost in profits... well, you get the point. Unsurprisingly, Softbank was able to increase its profits by reducing the amount of subsidies it applied to phones -- which obviously led to fewer new handset sales overall -- but analysts were still perturbed by the amount of discounts it did hand over. Reportedly, the street was expecting operating profits to top ¥86.1 billion ($805.7 million), but the outfit wound up missing the mark by a cool billion yen ($9.36 million). As for the iPhone 3G influence? Gotta wait 'til next quarter, bub.

[Via mocoNews]

Filed under: Misc, Softbank Mobile, Mobile

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Palm's 10-K filing reveals smaller acquisitions, reads like a mystery novel

Darren Murph — Mon, 28 Jul 2008 07:27:00 -0400

So Palm, what exactly have you been up to lately? Besides pumping out that tired, ho hum 800w, of course. The snoopers over at monoNews went and dug through your latest 10-K filing, and it seems as if that noteworthy Elevation Partners deal wasn't the only agreement you were wrapped up in during the past little while. As a matter of fact, we're seeing that during February of 2007, you "acquired the assets of two sole proprietorships [at a cost of $19.2 million] focused on mobile computing and media devices, one a developer of user interface environments and the other a developer of email software applications." Oh, and in October of last year, you "acquired substantially all of the assets [for $500,000] of a corporation focused on developing solutions to enhance the performance of web applications." Curiously, you nonchalantly failed to mention any names, but it's pretty clear that those new pick-ups weren't utilized in the last 16 months or so.

[Via mocoNews, image courtesy of DayLife]

Filed under: Mobile

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Palm's 10-K filing reveals smaller acquisitions, reads like a mystery novel

Darren Murph — Mon, 28 Jul 2008 07:27:00 -0400

Filed under: Cellphones

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AMD reports Q2 results: $1.2B loss, quitting handheld and digital television businesses

Nilay Patel — Thu, 17 Jul 2008 20:02:00 -0400

Well, no wonder Hector Ruiz quit as the CEO of AMD earlier today -- the chipmaker just announced its second quarter results, and they're not good. In addition to an overall $269M operating loss, the company is taking an $876M charge against the purchase of ATI so it can abandon the handheld graphics and digital TV markets. To be honest, we hadn't been hearing much about ATI's plans in those areas, so it's probably for the best the company is focusing on getting Barcelona out the door after the launch of Puma -- but we doubt much is going to happen with a power vacuum at the top and a bottom line that's bleeding red.

[Via Crave]

Filed under: Misc

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TomTom profits drop 83% due to price cuts

Nilay Patel — Mon, 28 Apr 2008 13:49:00 -0400

The war for the low end of the GPS market promises to be a bloody one, and it looks like TomTom's suffered the first major injury: quarterly profits at the device maker dropped 83 percent from last year, and the company says it's due to competitive price cuts. TomTom made a net profit of just €7.3M ($11.4M) this quarter compared to €44M ($66.2M) in the year-ago quarter, results which led the company to lower its outlook for the entire year. The company actually sold 50 percent more devices than it did a year ago, but as PND prices steadily fall, it looks like TomTom will have to figure out a new way to pad those margins and refill its piggy bank if that $4.2B all-cash Tele Atlas deal goes through.

[Via TrustedReviews]

Filed under: GPS

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Microsoft has an okay quarter, posts $4.3B profit

Nilay Patel — Fri, 26 Oct 2007 12:43:00 -0400

It's quarterly report time, and we doubt the boys in Redmond mind taking a little shine off Apple's big day with their first quarter results -- especially since Microsoft posted profits of $4.3B on revenues of $13.7B, an increase of 23 percent over last year. The company attributed the great quarter not only to a 90-percent spike in Xbox 360 demand due to what the what analysts are amusingly calling the "Halo effect," but also to strong performance by both Vista and Office -- Microsoft says demand for Vista is "encouraging," especially in markets like Brazil, India, and China. There wasn't much mention of the company's recent investment in Facebook or how Bill and the boys plan on reversing the online division's loss of $264M, but when you're playing around with four billion in profits, we suppose you can ignore pocket change like that.

[Thanks to everyone who sent this in]

Filed under: Misc

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