Company Of The Day: Netflix
What?
Netflix (NASDAQ:NFLX) reported a mixed set of Q2 2021 results, with revenues of $7.34 billion (+19.3% year-over-year) coming in slightly ahead of estimates and EPS of $2.97 falling slightly short. The company added a stronger-than-expected 1.54 million paid subscribers over the quarter, although its Q3 subscriber adds guidance of 3.5 million was below consensus.
So What?
- Netflix On A Roll As It Benefits From Paid Sharing And Ads. Is The Stock Undervalued At $610?
- Up 50% Over Last Year, Will Q4 Earnings Drive Netflix Stock Higher?
- Will Netflix Stock Rally 40% To Return To Pre-Inflation Shock Highs?
- How Will The Password Sharing Crackdown Help Netflix Q3 Results?
- Will Netflix Stock Return To Pre-Inflation Shock Highs Of Over $650?
- The Big Password Sharing Crackdown Will Bolster Netflix’s Q2 Results
Although the company’s guidance indicates that the big boom in subscriber additions through Covid-19 appears to be fading, this is likely priced into Netflix stock, which remained roughly flat in after-hours trading following the report.
See Our Complete Analysis For Netflix
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