Consumer Subscription Stocks Miss Q3 Views by 2.4% as Roku Beats and Netflix Lags
Updated
Updated · Yahoo Finance · Aug 21
Consumer Subscription Stocks Miss Q3 Views by 2.4% as Roku Beats and Netflix Lags
3 articles · Updated · Yahoo Finance · Aug 21
Summary
Seven consumer subscription companies finished Q2 with revenue beats averaging 1.6%, but their next-quarter guidance came in 2.4% below analysts’ expectations.
Netflix posted $12.56 billion in revenue, up 13.4%, yet delivered the group’s weakest full-year guidance update and missed on next-quarter EPS guidance.
Roku turned in the strongest quarter, with revenue of $1.35 billion rising 21.9% and beating estimates by 4.4%, alongside an EBITDA beat and solid request growth.
Despite the uneven results, market reactions were mixed rather than uniformly negative: Netflix shares rose 7.7% after earnings, Roku gained 4.5%, while the group on average fell 2.6%.