Categories AlphaGraphs, Earnings, LATEST, Leisure & Entertainment

Netflix (NFLX) adds 8.3 million new subscribers in Q4: earnings beat estimates

Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption of production. The OTT giant’s profit rose sharply during the period and topped expectations.

After a period of smaller-than-expected content slate due to a drop in production, the Los Gatos-based video streaming platform added around 8.3 million new subscribers in the final three months of fiscal 2021. That brought its total subscriber number to 221.8 million, which is up 9% year-over-year.

The membership growth translated into a 16% rise in total revenues to $7.71 billion. It is in line with the consensus estimate.

The company generated $607 million or $1.33 per share of net profit during the three-month period, compared to $542 million or $1.19 per share in the fourth quarter of 2020. The bottom-line came in well above experts’ projection.

Read management/analysts’ comments on Netflix’s Q4 2021 earnings

Netflix’s stock has been on a downward spiral after peaking in mid-November. It has lost 13% so far this year. The shares closed Thursday’s trading lower and lost further during the extended session soon after the announcement.

Prior Performance

  • Netflix Q3 2021 Earnings Infographic
  • Netflix Q2 2021 earnings infographic
  • Netflix reports Q4 2020 earnings results


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight