• Company News: Netflix (NFLX) quarterly earnings beat analysts’ estimate

Market news

22 January 2020

Company News: Netflix (NFLX) quarterly earnings beat analysts’ estimate

Netflix (NFLX) reported Q4 FY 2019 earnings of $1.30 per share (versus $0.30 per share in Q4 FY 2018), beating analysts' consensus estimate of $0.53 per share.

The company's quarterly revenues amounted to $5.467 bln (+30.6% y/y), roughly in line with analysts' consensus estimate of $5.449 bln.

The company's global paid net additions totaled 8.8 mln in Q4, on par with the 8.8 mln in the prior-year period and ahead of its guidance of 7.6 mln.

It also issued guidance for Q1 FY 2020, projecting EPS of $1.66 versus analysts' consensus estimate of $1.18 and revenues of $5.73 bln versus analysts' consensus estimate of $5.74 bln.

For Q1 FY 2020, the company forecast global paid net adds of 7.0 mln versus 9.6 mln in Q1 FY 2019 and analysts' estimate of 8.5 mln.

NFLX rose to $342.38 (+1.26%) in pre-market trading.

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