Shares of consumer video service Netflix are down sharply after the bell today, following the company’s Q3 earnings report. Why is Netflix suddenly worth about 5% less than before? A mixed earnings report, a disappointing new paying customer number and slightly slack guidance appear to be the answer. Heading into the third quarter, Netflix told investors that they should expect it to generate revenues of $6.33 billion, operating income of $1.25 billion and net income of around $954 million, worth about $2.09 in earnings per share. Today, Netflix reported $6.44 billion in revenue, operating income of $1.32 billion, along with $1.74 in per-share profit off of net income of $790 million. Netflix bested its revenue goals, but fell short on profitability. The company also managed to best analyst revenue expectations of $6.38 billion, while missing out on analyst per-share profit expectations of $2.13. Adding to the pain, Netflix also missed expectations on new customer adds.

Topics:  q3   heading   adding   q2   today netflix   q4   netflix   today   shares   earnings   billion   million   income   profit   expectations   analyst   adds   company   missing   per-share   customer   revenue   report   operating   worth   revenues   sharply   period   quarter   year   paid   reported   
  • Recapping the FAANG’s Earnings Reports
    After Netflix's recent report, let’s use today’s Market360 to review the remaining FAANG stocks’ earnings reports.
    08/2/2021 - 12:29 pm | View Link
  • Why Investors Shouldn't Be Worried About Pinterest's User Decline
    Pinterest shocked investors by reporting a decline in monthly active users in the U.S., where the vast majority of its revenue comes from. Domestic MAUs fell 5% year over year from 96 million to 91 ...
    08/2/2021 - 1:00 am | View Link
  • Netflix shares first look at Imelda Staunton’s Queen Elizabeth II in The Crown season 5
    With filming on the fifth season of The Crown now underway, Netflix has shared an image from the acclaimed drama series giving us our first look at Imelda Staunton’s reign as Queen Elizabeth II. Oscar ...
    08/1/2021 - 2:50 am | View Link
  • How the Cineworld share price compares to Netflix
    5G is here – and shares of this ‘sleeping giant’ could ... different accounting and reporting standards, may have other tax implications, and may not provide the same, or any, regulatory ...
    07/30/2021 - 8:20 pm | View Link
  • Wall Street declines with Amazon; S&P 500 on track for monthly gain
    U.S. stocks were lower in afternoon trading on Friday with falling after it forecast lower sales growth, but the S&P 500 was still on track to post a sixth straight month of gains.
    07/30/2021 - 7:18 am | View Link
  • More


Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News