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4q20’s revenue reached US $6.644 billion, up 21.5% year on year From Netflix

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The following is the 4q20’s revenue reached US $6.644 billion, up 21.5% year on year From Netflix recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Mobile Internet, Network entertainment.

On January 20, 2021, Netflix, the streaming video service giant, NASDAQ:NFLX )In the US stock market after hours on Tuesday (early morning Beijing time on Wednesday), the company released its fourth quarter results as of December 31, 2020. According to the report, Netflix’s revenue in the fourth quarter was US $6.644 billion, up 21.5% year on year; its net profit was US $542 million, down from US $587 million in the same period of last year; its diluted earnings per share was US $1.19, down from US $1.30 in the same period of last year. Netflix’s fourth quarter revenue exceeded Wall Street analysts’ expectations, and the number of new paying subscribers around the world also exceeded expectations, driving its after hours share price up sharply.

After the financial report was released, the share price of naifrisbee rose 10.81% to $556 / share.

Performance summary:

Netflix’s fourth quarter revenue was $6.644 billion, up 21.5% from $5.467 billion in the same period last year, exceeding analysts’ expectations. According to FactSet, a financial information provider, analysts had expected Netflix’s fourth quarter revenue to reach $6.63 billion on average.

By Region:

– revenue from streaming video services in the United States and Canada was $2.980 billion, compared with $2.672 billion in the same period last year and $2.933 billion in the last quarter;

– revenue from streaming video services in Europe, the Middle East and Africa was $2137 million, compared with $1563 million in the same period last year and $219 million in the last quarter;

– revenue from streaming video services in Latin America was $789 million, compared with $746 million in the same period last year and $789 million in the previous quarter;

– revenue from streaming video services in Asia Pacific was $685 million, compared with $418 million in the same period last year and $635 million in the previous quarter.

Netflix’s operating profit in the fourth quarter was $954 million, up from $459 million in the same period last year, and its operating profit margin was 14.4%, up from 8.4% in the same period last year.

Netflix’s fourth quarter net profit was US $542 million, down from US $587 million in the same period of last year; its diluted earnings per share was US $1.19, down from US $1.30 in the same period of last year, lower than analysts’ expectations. Analysts had expected Netflix’s fourth quarter earnings per share to reach $1.36 on average, according to FactSet.

Revenue costs and expenses:

The fourth quarter revenue cost of Netflix was $4.165 billion, up from $3.466 billion in the same period last year.

Nafi spent $763 million on marketing in the fourth quarter, down from $879 million in the same period last year.

– Netflix spent $487 million on technology and R & D in the fourth quarter, up from $409 million in the same period last year.

General and administrative expenses in the fourth quarter were $276 million, up from $255 million in the same period last year.

Number of subscribers:

Overall, in the fourth quarter, the total number of global streaming media service paying users reached 203.66 million, compared with 167.09 million in the same period of last year, a year-on-year increase of 21.9%; the net increase of global streaming media service paying users was 8.51 million, exceeding analysts’ previous average expectation of 6.03 million, compared with 8.76 million in the same period of last year.

By Region:

The total number of paid users of streaming video services in the United States and Canada reached 73.94 million in the fourth quarter, compared with 67.66 million in the same period of last year and 73.08 million in the last quarter; the net increase of paid users of streaming video services in the United States and Canada was 860000, compared with 550000 in the same period of last year and 180000 in the last quarter.

The total number of paid users of streaming video services in Europe, the Middle East and Africa reached 66.7 million in the fourth quarter, compared with 51.78 million in the same period last year and 62.24 million in the last quarter; the net increase in paid users of streaming video services in Europe, the Middle East and Africa was 4.46 million, compared with 4.42 million in the same period last year and 760 000 in the last quarter.

The total number of paid users of streaming video services in Latin America reached 37.54 million in the fourth quarter, compared with 31.42 million in the same period of last year and 36.32 million in the last quarter; the net increase of paid users of streaming video services in Latin America was 1.21 million, compared with 2.04 million in the same period of the next year and 260000 in the last quarter.

The total number of paid users of streaming video services in the Asia Pacific region reached 25.49 million in the fourth quarter, compared with 16.23 million in the same period last year and 23.5 million in the last quarter; the net increase of paid users of streaming video services in Latin America was 1.99 million, compared with 1.75 million in the same period last year and 1.01 million in the last quarter.

Performance Outlook:

Netflix provides the following performance prospects:

It is estimated that the revenue in the first quarter of 2021 fiscal year will reach 7.129 billion US dollars, with a year-on-year growth rate of 23.6%, exceeding analysts’ expectations. According to FactSet, analysts had expected Netflix’s revenue to reach $7.02 billion in the first quarter on average;

It is estimated that the operating profit in the first quarter will reach 1.78 billion US dollars, and the operating profit margin will reach 25.0%;

It is estimated that the net profit in the first quarter will reach US $1.355 billion and the earnings per share will reach US $2.97;

It is estimated that the total number of global streaming media service paying users will reach 209.66 million in the first quarter, with a year-on-year growth rate of 14.7%; the net increase of global streaming media service paying users is expected to reach 6 million in the first quarter.

Netflix: 2q20 revenue increased by 24.9% to $6.148 billion, exceeding expectations Netflix: 3q20 revenue increased by 22.7% to $6.44 billion Netflix: 2q20 financial report teleconference record double CEOs contribute to faster development in the future It is estimated that 7 million new paid users will be added in the first quarter of this year. Ampere: the European Union may increase the content proportion of SVOD platform through new regulations. ComScore: Netflix accounts for 75% of the market share of home streaming services in the United States. Decisiondata: Disney + may not be able to threaten Netflix’s dominant position in streaming media Parks Nearly 60% of Americans subscribe to streaming media services in the United States

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