earnings
confidence high
sentiment neutral
materiality 0.70
Netflix Q3 revenue $7.93B, EPS $3.10, net adds 2.41M; Q4 guidance weak, ending membership forecast
NETFLIX INC
2022-Q3 EPS reported
$9.83
revenue$23,763,497,000
- Q3 revenue $7,926M (+5.9% YoY), operating income $1,533M, net income $1,398M, diluted EPS $3.10.
- Paid memberships 223.09M; net adds 2.41M vs 1.0M forecast; APAC added 1.4M, EMEA 0.6M.
- Q4 guidance: revenue $7,776M, EPS $0.36, paid net adds 4.5M; full-year FX headwind ~$1B revenue, $0.8B op income.
- Will stop providing paid membership guidance after Q4'22; will still report regional memberships quarterly.
- Ad-supported plan launching Nov 1-10 in 12 countries; account sharing monetization to roll out early 2023.