Netflix reported a first-quarter loss, but delivered financials that were better than expected. The company's subscriber tally has stabilized and Netflix projected "a much earlier return to global profitability."
The catch? Netflix spent a lot of time in its investor letter talking about competition from Hulu, Amazon Prime, and TV Everywhere efforts from the likes of Comcast. Shares fell 15 percent in afterhours trading. It didn't help that Netflix's marketing and content costs continue to creep higher.
The streaming media giant reported a loss of $5 million, or 8 cents a share, on revenue of $… Read more