earnings
confidence high
sentiment negative
materiality 0.90
Netflix Q1 2022 EPS $3.53, revenue $7.87B; subscriber loss of 200k, Q2 forecast loss of 2M
NETFLIX INC
2022-Q1 EPS reported
$3.53
revenue$7,867,767,000
- Revenue $7.87B (+9.8% YoY), operating margin 25.1%; diluted EPS $3.53 vs $3.75 YoY.
- Global streaming paid memberships fell 200k (first decline); Q2 forecast loss of 2M subscribers.
- Netflix estimates over 100M households share accounts; plans to monetize sharing in near term.
- Free cash flow positive at $802M; no share repurchases in Q1; debt repayments of $700M.
- Revenue growth slowed to 9.8% due to competition, account sharing, macro headwinds; Russia suspension impacted.