Netflix (NFLX) Stock Tanks 19% on Paid Net Additions Miss & Lower Guidance

January 20, 2022 4:40 PM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Netflix (NASDAQ: NFLX) shares were trading around 19% lower after-hours following the company’s reported Q4 results. While the quarterly EPS come in at $1.33 (vs. Street’s $0.82) and revenue at $7.71 billion (vs. Street’s $7.72 billion), global streaming paid net additions were 8.28 million, missing the company’s 8.5 million expectation.

For the full 2021-year, the revenue came in at $30 billion, up 19% year-over-year, while operating income at $6.2 billion, up 35% year-over-year. The company finished the year with 222 million paid memberships.

The company provided its Q1/22 outlook, expecting EPS of $2.86 and revenue of $7.9 billion, compared to the consensus estimates of $3.45 and $8 billion, respectively. The company anticipates Q1 global streaming paid net additions of 2.5 million.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Trader Talk