Netflix Sees Q2 EPS $4.68 vs $4.27 Est., Revenue $9.491B vs $8.98B Est.
Portfolio Pulse from Benzinga Newsdesk
Netflix reported its Q2 earnings per share (EPS) at $4.68, surpassing the estimated $4.27. The company's revenue reached $9.491 billion, also exceeding the expectations of $8.98 billion.
April 18, 2024 | 8:02 pm
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Netflix's Q2 earnings outperformed expectations with an EPS of $4.68 against the $4.27 estimate and revenue of $9.491 billion versus the $8.98 billion forecast.
Netflix's significant outperformance in both EPS and revenue compared to analyst estimates typically signals strong operational efficiency and market demand. This positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptick in NFLX's stock price. The surpassing of both key financial metrics suggests robust growth and could attract more investment in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100