The company reported net income of $48 million for the quarter, up from $8 million a year ago. Earnings-per-share were 79 cents, Netflix said in a statement after markets closed Wednesday. Shares were more than 17 percent higher on Thursday.
Swinging at HBO
Hastings has said repeatedly in the past that he's HBO's biggest fan, and HBO is also Netflix's biggest competitor. There was no effusive praising of Time Warner's cable channel after last night's earnings report, no comments about how Netflix isn't eating into HBO's business. Hastings did weigh in on HBO's comment last week that shared passwords aren't a serious concern for HBO Go, which is designed to let users watch HBO programming online through a wide range of devices.
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Hastings snarked: "That was an interesting comment I suppose. So, I guess (Richard) Plepler is the CEO of HBO, doesn't mind me then sharing his account information. So, it's firstname.lastname@example.org and his password is Netflix Bitch."
No Net Neutrality, no problem
Hastings dismissed concerns that Net Neutrality's rejection in court will drive costs higher for Netflix, saying it's in the best interest of Internet Service Providers (ISPs) to continue to work with Netflix, rather than stick them with high costs.
"The most likely scenario at least in the near term is that there is no real change and the reason is if ISPs, especially major ISPs, were to contemplate blocking Netflix or other services, it will significantly fuel the fire for more regulation, which is not something they are interested in," said Hastings on the call.
And if the rules do prompt a change in behavior of the Internet providers, Hastings says he'll take action. "So in the long term we still need to figure out what it means and how that works out, but I think in short term it's very likely that there is no change," he said.