Now that Disney (DIS - Get Report) has taken the wraps off its planned video streaming service, it was Netflix's (NFLX - Get Report) turn to respond with some information about its performance and expectations.
The streaming giant beat earnings expectations with an adjusted EPS of $0.76 versus estimates of $0.58, and reported inline revenue of $4.5 billion. But Q2 guidance for 5 million paid net subscriber adds came in below consensus estimates of 5.5 million, and Q2 revenue guidance of $4.93 billion was slightly below a $4.96B consensus. EPS guidance for Q2 was $0.55, below a $0.99 consensus.
Shares initially dipped 5% to in after-hours trading but had recently pared those losses to around 1%.
TheStreet's tech columnist, Eric Jhonsa, is analyzing the company's earnings report and then the "video interview" with Netflix executives that's scheduled to begin streaming at 6 p.m. ET. To submit questions, please sign in at the top of the chat window and type in your question.