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

Infographic: How Kohl’s Corporation (KSS) performed in Q1 2024

Kohl’s Corporation (NYSE: KSS) reported first quarter 2024 earnings results today. Net sales decreased 5.3% year-over-year to $3.2 billion. Comparable sales decreased 4.4%. Net loss was $27 million, or $0.24

Best Buy Co. (BBY) Q1 2025 earnings rise; comparable sales down 6.1%

Best Buy Co., Inc. (NYSE: BBY), a leading retailer of consumer electronics and related merchandise, reported higher profit for the first quarter of 2025, despite a decline in revenues. First-quarter

HRL Earnings: Key quarterly highlights from Hormel’s Q2 2024 financial results

Hormel Foods Corporation (NYSE: HRL) reported its second quarter 2024 earnings results today. Net sales decreased 3% year-over-year to $2.89 billion. Net earnings attributable to Hormel Foods Corporation were $189.2

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top