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Netflix Earnings 4-19-2022

Netflix reported revenue of $7.87 billion below the consensus of $7.94 billion. Earnings came at $3.53 per share beating the estimates of $2.95. The company is facing problems with the sharing of accounts which leads to weaker performance and increasing competition. The big disappointment came from the subscribers front as the company lost 200,000 subscribers in the quarter. The last time the company lost subscribers was in October 2011. Now, Netflix expects to lose almost 2 million subscribers in the second quarter of the year.

Netflix has lost 42.13%  since the beginning of the year.

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Netflix Earnings

Netflix (NFLX) trades 9% lower in after-market trading as investors are disappointed by the new subscriber’s figures. NFLX added 3.98 million new subscribers well below the expectations of 6.2 million. Netflix reported $3.75 earnings/share below the expectations of $2.97. The revenue came up to $7.16 billion, beating the forecasts of $7.13 billion. (4-20-2021)

About Netflix

Netflix, Inc. provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The Domestic Streaming segment offers access to content delivered over the Internet to various connected devices, such as PCs, Macs, game consoles, smart TVs, Blu-ray players, hone theatre systems, Internet video players, digital video recorders, and mobile devices. The International Streaming segment engages in the streaming services primarily in Canada, Latin America, the United Kingdom, Ireland, Finland, Denmark, Sweden, and Norway. The Domestic DVD segment provides DVDs-by-mail subscription services. The company also provides standard definition DVDs and Blu-ray discs to its subscribers in the United States. The company was founded in 1997 and is headquartered in Los Gatos, California.

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