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The net profit of 1q21 increased by 140.8% year on year, with 3.98 million new users, far less than expected From Netflix

The following is the The net profit of 1q21 increased by 140.8% year on year, with 3.98 million new users, far less than expected From Netflix recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Network entertainment, Network media.

On April 20, 2021, Netflix released its financial report for the first quarter of fiscal year 2021.

According to the financial report data, the revenue in the first quarter was 7.163 billion US dollars, a year-on-year growth of 24.2%, and the market is expected to reach 7.14 billion US dollars; Net profit was 1.707 billion US dollars, up 140.8% year on year; Earnings per share was $3.75, up 58% year-on-year, and market expectations were $2.97.

Performance summary:

Netflix’s first quarter revenue was $7.163 billion, up 18.8% from $5.768 billion in the same period last year, exceeding analysts’ expectations. According to FactSet, a financial information provider, analysts had expected Netflix’s first quarter revenue to reach $71.4 billion on average.

By Region:

– revenue from streaming video services in the United States and Canada was $2.933 billion, compared with $2.703 billion in the same period last year;

– revenue from streaming video services in Europe, the Middle East and Africa was $2.344 billion, compared with $1.723 billion in the same period last year;

– revenue from streaming video services in Latin America was $837 million, compared with $793 million in the same period last year;

– revenue from streaming video services in Asia Pacific was $762 million, compared with $484 million in the same period last year.

Netflix’s operating profit in the first quarter was $1.960 billion, compared with $958 million in the same period last year; Operating profit margin was 27.4%, compared with 16.6% in the same period last year.

Netflix’s net profit in the first quarter was $1.707 billion, up 141% from $709 million in the same period last year; Diluted earnings per share were $3.75, up from $1.57 in the same period last year, exceeding analysts’ expectations. According to FactSet, a financial information provider, analysts had expected Netflix’s first quarter earnings per share to reach $2.98 on average.

In the first quarter, the total number of paid users of global streaming video services reached 207.64 million, an increase of 8.1% compared with 182.86 million in the same period last year; The net increase in paid users of streaming video services worldwide was 3.98 million, compared with 15.77 million in the same period last year. Among them:

– the total number of paid users of streaming video services in the United States and Canada reached 74.38 million in the first quarter, compared with 69.97 million in the same period last year; The net increase in paid users of streaming video services in the United States and Canada was 450000, compared with 2.31 million in the same period last year.

– the total number of paid users of streaming video services in Europe, the Middle East and Africa reached 68.51 million in the first quarter, compared with 58.73 million in the same period last year; The net increase in paid users of streaming video services in Europe, the Middle East and Africa was 1.81 million, compared with 6.96 million in the same period last year.

The total number of paid users of streaming video services in Latin America reached 37.89 million in the first quarter, compared with 34.32 million in the same period last year; The net increase in paid users of streaming video services in Latin America was 360000, compared with 2.9 million in the same period last year.

The total number of paid users of streaming video services in the Asia Pacific region reached 26.85 million in the first quarter, compared with 19.84 million in the same period last year; The net increase in paid users of streaming video services in Latin America was 1.36 million, compared with 3.6 million in the same period last year.

After the release of the financial report, the share price of naifrisbee fell by 10.3%. So far, the share price of naifrisbee is 501.44 US dollars.

In terms of other data, Netflix had a net increase of 3.98 million streaming media paying users in the first quarter, and the market predicted a net increase of 6.29 million.

Netflix said things should turn for the better later this year. A “very strong second half plan” – including the return of wizard and the debut of some big production movies – should help bring more users to the service.

Via American Stock Research Society

Netflix: 3q20 earnings teleconference record user growth may slow down, retention rate is better than a year ago Netflix: 4q20 Revenue $6.644 billion, up 21.5% year on year Netflix: 2q20 earnings teleconference record double CEOs help faster development Netflix: 3q20 Revenue $6.44 billion, up 22.7% year on year Netflix: 4q20 earnings teleconference record will one day surpass Disney Netflix: 1q20 net profit of $709 million more than doubled year on year Netflix: 2q20 revenue increased by 24.9% year on year to $6148 million more than expected : 1q20: the entertainment demand of home isolated users increased, and the net number of paid members increased by 15.77 million GP.Bullhound Online media report for Q4, 2019

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