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- Company news: Netflix’s (NFLX) quarterly earnings miss analysts’ expectations
Ekonomické zprávy
24.01.2024
Company news: Netflix’s (NFLX) quarterly earnings miss analysts’ expectations
Netflix (NFLX) reported Q4 FY2023 earnings of $2.11 per share (versus $0.12 per share in Q4 FY2022), missing analysts’ consensus estimate of $2.22 per share.
The company’s quarterly revenues amounted to $8.833 bln (+12.5% y/y), beating analysts’ consensus estimate of $8.721 bln.
The company said its global streaming paid net additions in Q4 FY2023 were +13.12 mln, much better than analysts’ consensus estimate of +8.7 mln.
Netflix also issued guidance for Q1 FY2024, seeing EPS of $4.49 versus analysts’ consensus estimate of $4.10, revenues of $9.24 bln versus analysts’ consensus estimate of $9.27 bln, and paid net adds to be down sequentially but up versus Q1 FY2023 paid net adds of 1.8 mln.
NFLX rose to $539.60 (+9.63%) in pre-market trading.
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