Streaming giant Netflix (NFLX) missed third quarter earnings estimates — gains of $5.87 per share vs. estimates of $6.94 — while revenue came up just shy of Wall Street expectations — $11.51 billion vs. estimates of $11.52 billion. The stock is falling in Tuesday’s after-hours trading.
Market Domination Overtime host Josh Lipton reviews the figures from the breaking earnings release.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
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Now turning to Netflix as its third quarter results are just hitting the wire, you can see the stock is down a quick 5% here in the after hours. Uh, Q3 EPS, let’s start there. 587. She was at 694, so that’s a miss on the bottom. Q3 revenue top line comes in at 11.51 billion.Street was close to 11.52 billion. Let’s turn ahead. What do they see in Q4? They’re saying Q4 EPS, they’re looking for 545. The estimate was 542, and for Q4 revenue they’re saying they look for $11.96 billion. The street was at $11.9 billion and now turning head full year revenue. They are calling for $45.1 billion. They had seen.Between 44.8 to 45.2 billion, so the stock is down a quick 7% in the after hours. It had had a run into this print. Remember we were up about 40% year to date heading into this report. Some other big questions, I know analysts are going to have um more color and commentary you’re gonna want on viewer engagement. That’s a metric remember we still get, um, you had that smash hit.K-pop demon hunters, global sensation, trends and themes in the advertising business, how the companies think of that mega AI trade and trend, and of course we did hear today a report that Netflix possibly interested in Warner Brothers discovery or at least parts of that company, so you can be sure that is going to come up on the call as well, but we’re down a quick 6% here, at least initially in the after hours.
