Nice beat – Netflix is up 13% since reporting Q2 results and its Q3 outlook Monday night. The price is up primarily due to reporting net subscriber additions that were materially higher than their guidance. Traditional Financial metrics were inline – The income statement was generally inline with our estimates and market consensus. Q2 Sales were $2.79 billion (beat our estimates by less than 1%, but was up 32% Y/Y), operating margin was 4.6% (vs. 3.3% last year and 9.7% last quarter due in large part to the shift of House of Card’s costs to Q2). Diluted EPS of $0.15 was inline with estimates. Free […]
Daily Archives: Wednesday, July 26, 2017 4:30pm
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