NFLX

Netflix reported first quarter 2022 earnings per share (EPS) of $3.53, coming in well ahead of analysts' predictions. Revenue matched forecasts, while ...

Netflix has prioritized increasing its streaming membership business globally, given that this is the company's primary source of revenue. Earnings per share (EPS) dramatically beat estimates; Netflix posted EPS of $3.53, a 5.9% decline year over year (YOY) but significantly ahead of the $2.89 that analysts predicted. Netflix shares were down more than 23% in after-hours trading following the earnings release, as of this writing. Investopedia does not include all offers available in the marketplace. However, attracting new subscribers is increasingly difficult as the streaming entertainment industry grows crowded and competitive. These choices will be signaled globally to our partners and will not affect browsing data. The company reported 221.6 million streaming memberships, below an anticipated 224.5 million. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Notably, however, this is the first quarter in over a year that Netflix has posted a YOY drop in quarterly EPS. Revenue matched analyst predictions exactly, marking the slowest pace of quarterly revenue growth for the company in at least three years. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Investopedia and our third-party partners use cookies and process personal data like unique identifiers based on your consent to store and/or access information on a device, display personalized ads and for content measurement, audience insight, and product development. Netflix global paid streaming memberships came in well below analyst predictions.