Company Of The Day: Netflix
What?
Netflix (NASDAQ:NFLX) posted a stronger than expected set of Q3 2021 earnings on Tuesday, with EPS rising about 83% year-over-year to $3.19 and revenues growing by 16% compared to last year to $7.48 billion.
Why?
Netflix benefited from stronger content launches over Q3, after a muted Q1 and Q2, when Covid-related production delays hurt new content introductions. The company saw its subscriber base grow by about 4.4 million over the quarter.
So What?
Netflix stock declined a bit since its earnings, as its forecast for Q4 was slightly lighter than expected.
See Our Complete Analysis For Netflix
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