News Formal

Netflix posts another strong quarter of subscriber gains as earnings surge past estimates

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Netflix News

Consensus Estimates,Consensus Expectations

Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.

) reported first quarter earnings that beat across the board on Thursday with another 9 million-plus subscribers added in the quarter. Shares climbed above 3% in after-hours trading.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year, as the streamer leaned on revenue initiatives like itsEarnings per share also beat estimates in the quarter with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple's antitrust fallout, Reddit's debut: Thursday's market takeawaysThe DOJ launched its antitrust suit against Magnificent 7 tech giant Apple (AAPL). While shares of the company fell, the remainder of the tech sector seemed ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »