- Company News: Netflix (NFLX) posts mixed quarterly results
Notícias do Mercado
Company News: Netflix (NFLX) posts mixed quarterly results
Netflix (NFLX) reported Q4 FY 2020 earnings of $1.19 per share (versus $1.30 per share in Q4 FY 2019), missing analysts’ consensus estimate of $1.41 per share.
The company’s quarterly revenues amounted to $6.644 bln (+21.5% y/y), roughly in line with analysts’ consensus estimate of $6.624 bln.
Netflix also reported global streaming paid net adds in Q4 FY2020 of +8.51 mln versus its prior guidance of +6.00 mln and versus +2.20 mln in Q3 FY2021.
The company issued upside guidance for Q1 FY2021, projecting EPS of approx. $2.97 versus analysts’ consensus estimate of $2.15 and revenues of approx. $7.129 bln versus analysts’ consensus estimate of $7.03 bln. It also guided Q1 global streaming net adds of +6.00 mln.
NFLX rose to $569.46 (+13.49%) in pre-market trading.
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