earnings
confidence high
sentiment neutral
materiality 0.75
Netflix Q4 revenue $7.71B (+16% YoY), EPS $1.33, paid net adds 8.28M; Q1 forecast 2.5M adds
NETFLIX INC
2021-FY EPS reported
$11.24
revenue$29,697,844,000
- Q4 revenue $7.709B (+16% YoY), operating margin 8.2% (vs 14.4% a year ago), EPS $1.33 (incl $104M FX gain).
- Full year 2021 revenue $30B (+19% YoY), operating income $6.2B (+35%), free cash flow -$159M (approx break-even).
- Q1 2022 forecast: revenue $7.903B (+10.3% YoY), EPS $2.86, paid net adds 2.5M (vs 4.0M a year ago).
- 2022 operating margin target 19%-20%, with ~$1B FX headwind from USD strength; no share repurchases in Q4 due to Roald Dahl acquisition.
- Board to recommend declassifying board, removing supermajority voting, enabling shareholder special meetings at next annual meeting.