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Netflix (NFLX) earnings This autumn 2021


(L-R) Co-CEOs of Netflix Reed Hastings and Ted Sarandos arrive for the Allen & Firm Solar Valley Convention on July 06, 2021 in Solar Valley, Idaho.

Kevin Dietsch | Getty Photographs

Netflix reported earnings after the bell. Listed below are the outcomes.

  • Earnings per share (EPS): $1.33 vs 82 cents anticipated in a Refinitiv survey of analysts.
  • Income: $7.71 billion vs $7.71 billion anticipated, in line with Refinitiv.

Wall Road can also be watching different key numbers within the Netflix report:

  • International paid web subscriber additions: 8.19 million, in line with StreetAccount estimates

Analysts predict the corporate so as to add 8.19 million international paid web subscribers, which might practically double the quantity from the prior quarter. Netflix added 4.4 million subscribers within the third quarter.

Netflix and analysts had anticipated a big soar in customers towards the top of 2021 when the corporate launched new TV exhibits and films that had been pushed to the again half of the 12 months.

Brilliant spots within the quarter may come from sturdy releases such because the celebrity-filled “Do not Look Up” and “Emily in Paris.” The corporate had mentioned it will spend $17 billion on content material in 2021. It hasn’t launched figures but for 2022 spending.

Netflix announced price increases within the U.S. and Canada final week. Within the States, the month-to-month value for the essential plan rose $1 to $9.99. The usual plan jumped from $13.99 to $15.49 and the premium plan rose from $17.99 to $19.99.

Netflix’s technique is to extend costs as clients turn into much more entrenched within the firm’s unique content material. Value will increase might help offset waning buyer progress.

However some analysts seemed wary forward of the earnings report.

“With 4Q21 broadly billed as Netflix’s largest content material quarter ever, we might anticipate buyers to recalibrate their long-term outlook primarily based on whether or not or not this massive content material slate drove sturdy progress,” Credit score Suisse’s Douglas Mitchelson mentioned in a observe final week.

Netflix additionally continues to face steep competitors towards companies like Disney+, HBO Max, Amazon Prime Video, Apple TV+ and others.

“Primarily based on our studying of a number of knowledge factors, it feels to us that Netflix’s U.S. enterprise is being impacted by … the more and more aggressive streaming methods of legacy media corporations,” MoffettNathanson’s Michael Nathanson wrote final week.

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