Company Of The Day: Netflix

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NFLX: Netflix logo
NFLX
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?

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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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