Company Of The Day: Netflix

by Trefis Team
+1.84%
Upside
589
Market
600
Trefis
NFLX
Netflix
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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?

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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