NFLX
$295.14
Netflix
$3.57
1.22%
Earnings Details
3rd Quarter September 2019
Wednesday, October 16, 2019 4:00:00 PM
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Summary

Netflix Beats but Guides Lower

Netflix (NFLX) reported 3rd Quarter September 2019 earnings of $1.47 per share on revenue of $5.2 billion. The consensus earnings estimate was $1.05 per share on revenue of $5.3 billion. The Earnings Whisper number was $1.08 per share. Revenue grew 31.1% on a year-over-year basis.

The company said in its shareholders letter it expects fourth quarter earnings of approximately $0.51 per share on revenue of approximately $5.442 billion. The current consensus earnings estimate is $0.84 per share on revenue of $5.52 billion for the quarter ending December 31, 2019.

Netflix Inc operates as an Internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company has three segments namely Domestic streaming, International streaming & Domestic DVD.

Results
Reported Earnings
$1.47
Earnings Whisper
$1.08
Consensus Estimate
$1.05
Reported Revenue
$5.24 Bil
Revenue Estimate
$5.25 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Netflix Releases Third-Quarter 2019 Financial Results

LOS GATOS, Calif., Oct. 16, 2019 /PRNewswire/ -- Netflix, Inc. (NASDAQ: NFLX) has released its third-quarter 2019 financial results by posting them to its website. Please visit the Netflix investor relations website at http://netflixinvestor.com to view the Q3'19 financial results and letter to shareholders.

Netflix, Inc. Logo. (PRNewsfoto/Netflix, Inc.)

A video interview with Netflix Chief Executive Officer Reed Hastings, Chief Financial Officer Spence Neumann, Chief Content Officer Ted Sarandos, Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time at youtube.com/netflixir. The interview will be conducted by Michael Morris, Guggenheim Securities. Questions that investors would like to see asked should be sent to michael.morris@guggenheimpartners.com.

About Netflix, Inc.
Netflix is the world's leading internet entertainment service with over 151 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/netflix-releases-third-quarter-2019-financial-results-300939958.html

SOURCE Netflix, Inc.