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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Netflix, Inc.    NFLX

NETFLIX, INC.

(NFLX)
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Netflix : Shares Move Lower as New Subscribers Come in Below Guidance

10/20/2020 | 05:04pm EST

By Stephen Nakrosis

Shares of streaming service Netflix Inc. are trading lower in Tuesday's late-trading market, after the company released third-quarter results and said new subscribers for the period came in below earlier guidance.

At 4:34 p.m. EDT, the company's shares had fallen 5.26% to trade at $497.80. Volume at the time topped 1.3 million shares.

The stock finished the day's regular-trading session with a 1% loss, closing at $525.42.

Year to date, the stock is up over 62%.

After the bell, Netflix said it added 2.2 million net memberships in the third quarter, below previous guidance of 2.5 million. In the third quarter of last year, the company added 6.8 million memberships, it said.

In the first nine months of this year, the company said it added 28.1 million paid memberships, "which exceeds the 27.8 million that we added for all of 2019."

The company reported third-quarter net income of $790 million, or $1.74 a share, on revenue of $6.44 billion. In the third quarter of 2019, Netflix reported net income of $665 million, or $1.47 a share, on revenue of $5.24 billion.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Corrections & Amplifications

This item was corrected at 4:56 p.m. ET to show that shares of Netflix finished the day's regular-trading session with a 1% loss, closing at $525.42. An earlier version misstated the loss as $1.

(END) Dow Jones Newswires

10-20-20 1703ET

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Financials (USD)
Sales 2020 24 938 M - -
Net income 2020 2 856 M - -
Net Debt 2020 8 545 M - -
P/E ratio 2020 78,5x
Yield 2020 -
Capitalization 217 B 217 B -
EV / Sales 2020 9,05x
EV / Sales 2021 7,68x
Nbr of Employees 8 600
Free-Float 98,4%
Chart NETFLIX, INC.
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Netflix, Inc. Technical Analysis Chart | NFLX | US64110L1061 | MarketScreener
Technical analysis trends NETFLIX, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 545,79 $
Last Close Price 491,36 $
Spread / Highest target 42,5%
Spread / Average Target 11,1%
Spread / Lowest Target -59,3%
EPS Revisions
Managers
NameTitle
Wilmot Reed Hastings Chairman, President & Co-Chief Executive Officer
Theodore A. Sarandos Co-CEO, Director & Chief Content Officer
Gregory K. Peters Chief Operating & Product Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
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