Netflix No Longer On Fire

Reed Hastings, Netflix CEO

A decent quarter for Netflix (NFLX), which raised its guidance.

But shares are down a little after hours because Netflix didn’t blow out estimates, and revenue missed consensus.

Key Stats:

Revenue: $408.5 million vs. $409.7 million consensus
EPS: $0.54 vs. $0.50 consensus
Subs: 10.6 million, “neutral” vs. expectations
Q3 subs guidance: 11.0 million, “positive” vs. expectations
Q3 rev guidance: $419 million vs. $418 million consensus
FY subs guidance: 11.8 million, “positive” vs. expectations
FY rev guidance: $1.66 billion vs. $1.66 billion consensus

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.