Netflix (NFLX) Tops Q1 EPS by 63c, Net Adds and Guidance Misses Consensus

Netflix (NASDAQ: NFLX) reported Q1 EPS of $3.53, $0.63 better than the analyst estimate of $2.90. Revenue for the quarter came in at $7.87 billion versus the consensus estimate of $7.93 billion.

Global streaming paid net additions were -200k million in Q1 versus 2.5 million expected.

GUIDANCE:

Netflix sees Q2 2022 EPS of $3.00, versus the consensus of $3.01. Netflix sees Q2 2022 revenue of $8.05 billion, versus the consensus of $8.21 billion.

The company sees Q2 global streaming paid net additions of -2 million, versus consensus of 2.4 million.

For earnings history and earnings-related data on Netflix (NFLX) click here.

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