Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: Netflix (NFLX) subscriber growth slows; Q1 results beat
Netflix, Inc. (NASDAQ: NFLX) Tuesday said its first-quarter 2021 earnings more than doubled. Both revenues and profit topped the Street view, but the streaming giant’s subscriber growth decelerated.
At the end of the first quarter, the company had a total of 207.6 million streaming paid memberships, which is up 14% from last year. Revenues climbed 24% annually to $7.16 billion and exceeded Wall Street’s projection.
Consequently, net income surged to $1.71 billion or $3.75 per share from $709.1 million or $1.57 per share in the first quarter of 2020. Market watchers had forecast a slower growth.
Read management/analysts’ comments on Netflix’s Q1 report
Shares of the company declined Tuesday evening soon after the announcement, after closing the regular session lower.
Most Popular
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
Infographic: A snapshot of Caterpillar’s (CAT) Q1 2024 financial results
Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Thursday reported first-quarter 2024 financial results. Sales and revenues for the first quarter of 2024 were $15.8
AAL Earnings: Key quarterly highlights from American Airlines’ Q1 2024 financial results
American Airlines Group Inc. (NASDAQ: AAL) reported its first quarter 2024 earnings results today. Total operating revenues increased 3.1% year-over-year to $12.5 billion. Net loss amounted to $312 million, or $0.48