Categories AlphaGraphs, Leisure & Entertainment

NFLX Earnings: Key quarterly highlights from Netflix’s Q1 2022 financial results

Netflix Inc. (NASDAQ: NFLX) reported first quarter 2022 earnings results today.

Total revenue grew 9.8% year-over-year to $7.8 billion.

Net income was $1.59 billion, or $3.53 per share, compared to $1.70 billion, or $3.75 per share, in the year-ago period.

While earnings beat estimates, revenues fell short of expectations.

Global streaming paid memberships increased 6.7% YoY to 221.64 million. However, the company lost 200,000 subscribers during the quarter.

For the second quarter of 2022, Netflix expects revenue to grow 9.7% YoY to $8 billion. Net income is expected to be $1.35 billion, or $3.00 per share.

The stock plummeted 25% during after-hours following the earnings report.

Prior performance

Netflix Q4 2021 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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