$Netflix(NFLX.US) -1.0% post-market after reporting 2Q rev ($11.08B vs $11.06B est) and adj eps ($7.19 vs $7.08) that topped estimates. NFLX mgmt guided to higher than expected 3Q and FY’25 rev and eps, but given the stock’s recent strength (YTD +43%), some profit-taking is occurring.
3Q guidance:- Rev $11.53B vs $11.28B est- Adj eps $6.87 vs $6.70 estFY’25 guidance:- Rev $44.8B - $45.2B vs prior guide of $43.5B - $44.5B and vs $44.6B estCautionary comment: “The majority of the increase in our revenue forecast reflects recent depreciation of the dollar vs most other currencies.”The 2H Netflix program slate includes the Stranger Things finale, Wednesday S2, the Canelo-Crawford live boxing match, Adam Sandler’s Happy Gilmore 2, Kathryn Bigelow’s House of Dynamite, and Guillermo del Tora’s Frankenstein. Conf call at 4:45pm ET.The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments