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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