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