Netflix Q1 Earnings, Revenue Rise; Q2 Guidance Set -- Shares Down After Hours-March 2024-www.financetom.com

Netflix Q1 Earnings, Revenue Rise; Q2 Guidance Set -- Shares Down After Hours

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Netflix Q1 Earnings, Revenue Rise; Q2 Guidance Set -- Shares Down After Hours

Apr 18, 2024 1:44 PM

04:19 PM EDT, 04/18/2024 (MT Newswires) -- Netflix ( NFLX ) reported Q1 earnings Thursday of $5.28 per diluted share, up from $2.88 a year earlier.

Analysts polled by Capital IQ expected $4.53.

Revenue in the quarter ended March 31 was $9.37 billion, up from $8.16 billion a year earlier.

Analysts surveyed by Capital IQ expected $9.28 billion.

The company said it expects Q2 diluted EPS of $4.68 on revenue of $9.49 billion.

Analysts polled by Capital IQ expect EPS of $4.55 on revenue of $9.53 billion.

The company shares were down nearly 3% in recent after-hours activity.

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