NFLX
$488.28
Netflix
$3.05
.63%
Earnings Details
3rd Quarter September 2020
Tuesday, October 20, 2020 4:00:00 PM
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Summary

Netflix Misses

Netflix (NFLX) reported 3rd Quarter September 2020 earnings of $1.74 per share on revenue of $6.4 billion. The consensus earnings estimate was $2.13 per share on revenue of $6.4 billion. The Earnings Whisper number was $2.19 per share. Revenue grew 22.7% on a year-over-year basis.

The company said in its shareholders letter it expects fourth quarter earnings of approximately $1.35 per share on revenue of approximately $6.572 billion. The current consensus earnings estimate is $1.02 per share on revenue of $6.56 billion for the quarter ending December 31, 2020.

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
$1.74
Earnings Whisper
$2.19
Consensus Estimate
$2.13
Reported Revenue
$6.44 Bil
Revenue Estimate
$6.38 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Netflix Releases Third-Quarter 2020 Financial Results

LOS GATOS, Calif., Oct. 20, 2020 /PRNewswire/ -- Netflix, Inc. (NASDAQ: NFLX) has released its third-quarter 2020 financial results by posting them to its website. Please visit the Netflix investor relations website at http://netflixinvestor.com to view the Q3'20 financial results and letter to shareholders.

A video interview with Netflix co-CEO Reed Hastings, co-CEO & Chief Content Officer Ted Sarandos, Chief Financial Officer Spence Neumann, COO & 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 Kannan Venkateshwar, Barclays Capital. Questions that investors would like to see asked should be sent to kannan.venkateshwar@barclayscapital.com.

About Netflix, Inc.

Netflix is the world's leading streaming entertainment service with 193 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-2020-financial-results-301156168.html

SOURCE Netflix, Inc.