earnings
confidence high
sentiment neutral
materiality 0.80
Netflix Q2 2021: revenue $7.3B (+19% YoY), EPS $2.97; 1.54M net adds slight beat; Q3 guidance 3.5M adds
NETFLIX INC
2021-Q2 EPS reported
$6.72
revenue$14,505,059,000
- Revenue $7.34B (+19.4% YoY); operating income $1.85B (25.2% margin); EPS $2.97 vs $1.59 YoY.
- Paid memberships 209.18M; net adds 1.54M (above 1.0M forecast); UCAN down 0.43M, APAC two-thirds of adds.
- Q3 forecast: revenue $7.48B (+16.2% YoY), diluted EPS $2.55, 3.5M paid net adds.
- Free cash flow -$175M in Q2; full-year 2021 FCF expected to be approximately break-even.
- Expanding into gaming as new content category; mobile-only plan launched in 78 additional countries.