Based on the novel written by Elisabet Benavent, the newest Spanish Netflix drama limited series ended things on more than one note, rendering our understanding of the final moments a bit fuzzy. Now, this is why we need A Perfect Story ending explained so that everything can make more sense as we go.
With Anna Castillo playing the titular character of Margot alongside Alvaro Mel as David, the series has been directed by Chloe Wallace and written by Marina Perez. Also starring Ana Belén, Jimmy Castro, Tai Fati and others, the plot follows two strangers belonging to different strands of society chancing upon each other, who end up becoming friends, and eventually a bit more too.
You can read our review of the series linked at the very end of this article to get a fair idea about the plot and other details. The discussion on the Ending sequence itself is going to be a long one, so I won’t bore you with other things here. You will have to read till the end to get the whole picture created – both by the Netflix series and Elisabet Benavent’s novel.
A Perfect Story Ending Explained
The last bits of the 5-part series can easily leave you puzzled about what really happened. With two scenarios, the story could tip either way, but what really happened? Here’s my deduction laid out for this discussion.
Scenario 1
Margot travels to Avila with David, and on entering the gate to his hometown, the two finally start to connect on a personal level for the first time. The entire course of their story previously centred around them fighting away their true feelings for each other as they believed that they were supposed to get back together with their original partners – Margot with Filippo and David with Idoia. In Avila, she also gets a chance to get together with David’s family and friends and learn about his old life stories.
The whole thing just further consolidates the idea of how much they belong with each other in Margot’s mind. However, during a conversation with David’s friends, her true identity comes to light. Her origins and family ties are all finally revealed to David, along with how they were able to pay for their trip to Greece. Realising that she’s a hotel heiress belonging to the high upper class of society, he starts to feel the gap between them widen owing to the major social distance between their backgrounds.

David’s own insecurities start to kick in hearing the classic “broke guy meets rich girl” story. While he commits to the belief that he isn’t bothered by the gap in their statuses, he also confesses that he would end up being her “good for nothing” boyfriend eventually as he had nothing to offer. This was quite similar to how and why he ultimately had to cut ties with his former girlfriend Idoia. Having felt like a passive bystander in his own life due to her old comments, David didn’t want to go through the same experience again, and so, he was apprehensive of coming closer to Margot after learning the truth.
Hearing of all that he had to say, Margot leaves for the airport but gives David some time to hold her back. Continuing to stay as friends only, they finally take a break from their escapades. On getting back home, Margot reaches out to Filippo and end things with him too, and finally starts living for herself.
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Being the Vice President and the majority shareholder of the Ortega Group, Margot brings about changes in the company’s board. She welcomes more women employees, making the board an inclusive space. All this while, the flowers given by David stay in her apartment as a reminder of what they’d shared together.

With her company now wanting to reach out to more English-speaking clients and demography, they expand operations and Margot takes the opportunity to start things anew in her lavish London apartment. Meanwhile, her sister, Patricia also gets her happy ending with the young tennis coach she’d always liked instead of staying back in her dull marriage with Alberto.
Once Margot moves to London, she still carries the flower bouquet with her. However, her lingering feelings for David are overtaken by her meet cute with an English man named Barin. They start dating and even start living together as it seems at one point. One day, she decides to set the record straight as per the rules of her old agreement with David. Returning back for a short while, she visits David and gifts him an AirPod, while also telling him about her new life back in London and how she’s settled down there for good.
David, too has gone through some growth in the meanwhile as we see him working at his own flower shop. We catch the shop’s name as Margot exits later – “Come Back, Margarita” – expressing David’s cry of regret for not having stopped Margot years back. Getting out of the florist’s shop, she leaves the old bouquet behind, marking an end to her chapter with David, owing to her fresh start.

Scenario 2
The other equally feasible possibility is that David actually stopped Margot from leaving. Following that, he directly went down to confidently break up with Idoia, and assert his true self being the only self he will ever be. This liberating change also allows him to finally open himself up to new chances, like moving out of Ivan’s house and finding a place for himself, and well, Margot too.
In the same timeline, she also introduces her London apartment to David, and they eventually shift there and enjoy their “happily every after” together in the quintessential common fairytale-like ending. David also opens his grand florist shop there, a much better one, might I add, than the one we saw in the first scenario, and here the shop’s name – “Fly, Margarita” – is a positive marker of the classic happy ending he gets with Margot.

So, What Really Happened? Un Cuento Perfecto Ending Explained
As far as I’m concerned, the truth is that the story just leaves us hanging on our own interpretation of the ending. By creating this debate over two “what if” situations, the series plays around with its own title – A Perfect Story, which could shape into a whole new story depending on the difference of choices one makes.
As the classic and perfect romantic story would have it, the boy and girl would definitely end up together, because that’s what’s required for their “happy every after” to be fulfilled. However, while the entire series plays along with that typical trope, I would like to believe that the writers necessarily played around with the viewers’ emotions by granting us a look at two parallel and equally possible alternatives to the story’s ending.
The ideal situation would have pushed David to pluck up the courage, swallow his ego and go after Margot and stop her from leaving. However, reality is never a combination of ideal scenarios or assumptions. If the series’ aim is to remind us that these characters aren’t just two-dimensional representations of stereotypical character designs of the “boy meets girl” scenario, then the first ending is more fitting because it perfectly sits well with how David would never take a chance, and rather let his ego consume him from the inside, resulting in Margot’s departure.

I think that through these two equally possible endings, the creators themselves are questioning what constitutes a plot to make it “a perfect story” in the end. There’s no way to prove that the guy getting the girl would ultimately solve all of their life problems.
Therefore, questioning the whole concept of what “a perfect story” is and what makes it one, the original author of the book too went along with the A and B write-ups of the ending to speculate how a single difference in one’s decision could push the story in either direction. Bringing the image closer to life, Benavent intended us to see that it was a lot like reality, which never has a fixed ending.
A Perfect Story is now streaming on Netflix.


I loved this program. I had to watch ending several times then come to this conclusion, only to give my brain a rest.
I think that Margot and David did meet and go to Greece, enjoying their time together. When the vacation ended and Margot went back to her old life and she reorganized her company that was actually part of the story. Then Margot went to London did meet the man with the dog started dating and become serious with him. But Margot never forgot David and decided to write a book about her adventures with David. This was a way to bring David to a conclusion in her head and heart. I came to this scenario after seeing her writing in her computer and then going over and touching the flowers, which I do think she brought with her (I have actually done this myself in order to always have that person with me). To me this makes sense and as I said, this it gets me to stop rewatching the ending and gives my brain a rest.
This makes so much sense to me. After all, it is a perfect story, so writing a book about a happy ending with David and putting it to rest as Margot starts a new relationship brings her closure.
Ending ?? Confused 2025 just watched it