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The following is the In 2020, Q4 Netflix’s paid subscription users will increase by 8.51 million to 203.7 million From Netflix recommended by recordtrend.com. And this article belongs to the classification: Network video.
Netflix, the US streaming media giant, released its fourth quarter results after hours on Tuesday. According to the financial report, Netflix’s earnings per share in the fourth quarter were US $1.19, market expectation was US $1.38, compared with us $1.30 in the same period of last year; its revenue was US $6.64 billion, market expectation was US $6.6 billion, compared with us $5.467 billion in the same period of last year; its net profit was US $542 million, market expectation was US $632 million, compared with us $587 million in the same period of last year.
Netflix said that in the fourth quarter, there was a net increase of 8.51 million paid subscribers of streaming media, which is expected to increase by 6.06 million; in the fourth quarter, there were 203.7 million paid subscribers, which is expected to increase by 201.2 million.
The company also expects revenue of $7.13 billion in the first quarter, with market expectations of $7 billion; earnings per share of $2.97, with market expectations of $2.12; and a net increase of 6 million streaming media paying users in the first quarter, with market expectations of $7.45 million. The company expects a full year operating profit margin of 20% in 2021.
Netflix said it plans to achieve cash flow neutrality this year, maintain positive cash flow every year after 2021, and no longer need external financing to fund its operations.
The company also said it would consider share buybacks, the first time since positive cash flow in 2011.
Netflix shares surged 10% after the earnings report. The stock closed up 0.76% at $501.77 on Tuesday.
More reading from cnBeta: Leichtman research: in Q1 2017, Netflix had 50.85 million subscriptions in the United States, surpassing cable TV for the first time. In 2018, Netflix’s online DVD rental business revenue reached US $212 million. Michael Nathanson: 81% of users under the age of 35 have signed in to Netflix with subscription accounts. Netflix’s growth slows in the United States, and copyright issues become the bottleneck of overseas expansion. Gigaom: Q4 2014 Netflix international users nearly 20 million statista: young cable TV users prefer Netflix, accounting for 43% cordcutting: Netflix users use more than 2 hours a day Netflix financial report: in 2017, Q2 Netflix paid subscribers reached 100 million TiVo: research shows that Netflix users have not reduced their TV viewing time, Netflix’s biggest competitor is Youtubesandvine: Netflix accounts for 15% of the global broadband downlink traffic. Streaming Observer: Netflix has IMDB. Top 250 best movies, down 14%. John Blackledge: according to the survey, Netflix is the most popular TV viewing platform in the United States. Streaming Observer: Netflix users spend more than one hour and 11 minutes a day on average. Netflix: 70% of the video traffic comes from Internet TV
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