NFLX
$499.05
Netflix
$10.17
2.08%
Earnings Details
2nd Quarter June 2020
Thursday, July 16, 2020 4:00:00 PM
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Summary

Netflix Misses

Netflix (NFLX) reported 2nd Quarter June 2020 earnings of $1.59 per share on revenue of $6.1 billion. The consensus earnings estimate was $1.84 per share on revenue of $6.1 billion. The Earnings Whisper number was $1.89 per share. Revenue grew 24.9% on a year-over-year basis.

The company said in its shareholders letter it expects third quarter earnings of approximately $2.09 per share on revenue of approximately $6.327 billion. The current consensus earnings estimate is $2.00 per share on revenue of $6.39 billion for the quarter ending September 30, 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
$1.59
Earnings Whisper
$1.89
Consensus Estimate
$1.84
Reported Revenue
$6.15 Bil
Revenue Estimate
$6.07 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Netflix Releases Second-Quarter 2020 Financial Results

LOS GATOS, Calif., July 16, 2020 /PRNewswire/ -- Netflix, Inc. (NASDAQ: NFLX) has released its second-quarter 2020 financial results by posting them to its website. Please visit the Netflix investor relations website at http://netflixinvestor.com to view the Q2'20 financial results and letter to shareholders.

A video interview with Netflix co-CEO Reed Hastings, Chief Financial Officer Spence Neumann, co-CEO & Chief Content Officer Ted Sarandos, 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 183 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-second-quarter-2020-financial-results-301095079.html

SOURCE Netflix, Inc.