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Q1 international subscriber growth (net additions):3.53 million, versus Wall Street forecasts 3.9 million, andNetflix guidance of 3.7 million. Q2 subscriber growth guidance (domestic):600,000, versus Wall Street forecasts of 420,500. Q2 subscriber growth guidance (international):2.6 million, versus Wall Street forecasts 2.1 million. clickIn a letter to shareholders , Netflix said that in regards to its Q1 performance, though it missed relative to guidance, “There were no substantial variations from our January guidance forecast.” Netflix said that due to certain content moves, particularly moving “House of Cards” from Q1 to Q2, some net additions to its subscribercount also shifted from Q1 to Q2. The increased forecast for Q2 supports this theory. “We have come to see these quarterly variances as mostly noise in the long-term growth trend and adoption of internet TV,” Netflix wrote. In the letter, Netflix addressed competitor Amazon’s move into NFL football streaming. “That is not a strategy that we think is smart for us since we believe we can earn more viewing and satisfaction from spending that money on movies and TV shows,” Netflix said. The company reiterated that it doesn’t see the emergence of new streaming TV packages as a threat, again stressing that the “live” business model is different from its own.
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