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.

Netflix Q1 2021 earnings infographic

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.

  • Netflix reports Q4 2020 earnings results
  • netflix Q2 2020 earnings
  • Netflix Q1 2020 Earnings infographic

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