Netflix Inc (NFLX) Q1 2022 (USD): EPS 3.53 (exp. 2.89), Revenue 7.87bln (exp. 7.93bln), Net Subscriber Additions: -0.2mln (exp. +2.5mln)

• Q1 UCAN streaming paid net change -640k (exp.+87.5k)


• Q1 EMEA streaming paid net change -300k (exp.+950.4k)


• Q1 LATAM streaming paid net change -350k (exp. +334.4k)


• Q1 APAC streaming paid net change +1.09mln (exp. +1.2mln)


• Q1 streaming paid memberships 221.64mln (exp. 224.5mln)


• Q1 Operating margin 25.1% (exp. 22.2%)


• Q1 Operating income USD 1.97bln (exp. 1.76bln)


• Q1 Free cash flow USD 802mln (exp. 559.3mln)


• Lost 640k subscribers in US/Canada, 300k in EMEA, and 350k in LatAm.


• Said macro factors, including sluggish economic growth, increasing inflation, geopolitical events such as Russia’s invasion of Ukraine, and some continued disruption from COVID are likely having an impact.

Guidance

• Sees Q2 EPS 3.00 (exp. 3.02)


• Sees Q2 revenue 8.05bln (exp. 8.23bln)


• Sees Q2 streaming paid net change -2mln (exp. +2.4mln)


• Sees Q2 streaming paid memberships 219.64mln (227.7mln)


• Sees Q2 operating margin 21.5% (exp. 21.6%)

Via PR Newswire

Reaction details (21:01)

• Co. shares are down 17% after-market.

19 Apr 2022 - 21:00- EquitiesImportant- Source: PR Newswire