Mixed earnings for Netflix

January 20, 2021
Mixed earnings for Netflix

Netflix fell short on EPS in Q4

All the pandemic-induced chilling was beneficial to Netflix, according to its latest earnings report.

In Q4 2020, Netflix had an EPS of $1.19, on revenues of $6.64 billion. While the EPS came in lower than the $1.39 expected, the revenue topped the $6.62 billion consensus.

At a global level, the streaming platform added 8.5 million paid subscribers.

For the future, Netflix plans to start the buyback program, which it hasn’t done since 2011, and pay the $15 billion debt gathered over the years. So far, Netflix has available $8.5 billion cash on hand.

After the news hit the wires, Netflix stock price added 12%.

Sources: finance.yahoo.com

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