Fly Intel: What to watch in Netflix earnings report - InvestingChannel

Fly Intel: What to watch in Netflix earnings report

Netflix sentiment seen sliding, but valuation lower as well
Netflix (NFLX) is scheduled to report results of its fourth fiscal quarter after market close on Thursday, January 20. A video interview with Netflix executives, including co-CEO Reed Hastings and co-CEO & Chief Content Officer Ted Sarandos, will follow at 6:00 pm ET. What to watch:

1. SUBSCRIBERS: Netflix’s subscriber figures are a closely-watched measure of the company’s growth trajectory, but one that has been complicated by the pandemic.

In the fiscal third quarter, the company reported global streaming paid net additions of 4.38M, which it noted was above its own 3.5M projection, adding that its “ending paid memberships of 214M was within 0.4% of our forecast.”

Netflix added in its last quarterly letter to investors: “For the second consecutive quarter, the APAC region was our largest contributor to membership growth with 2.2m paid net adds (half of total paid net adds) as we are continuing to improve our service in this region. In EMEA, paid net adds of 1.8m improved sequentially vs. the 188k in Q2 as several titles had a particularly strong impact. The UCAN and LATAM regions grew paid memberships more slowly. These regions have higher penetration of broadband homes although we believe we still have ample runway for growth as we continue to improve our service.”

For Q4, Netflix has forecast global streaming paid net additions of 8.5M, which it noted would be “consistent with Q4’20 paid net additions.”
To see the rest of the story <"https://www.thefly.com/permalinks/entry.php/id3443977/-Fly-Intel-What-to-watch-in-Netflix-earnings-report">Click Here.

Related posts

Carl Icahn Increases His Stake In Take-Two Interactive To 10.68%

ValueWalk

iPad Mini Display Outperformed By Kindle Fire HD & Nexus 7

ValueWalk

Foxconn Might Open Manufacturing Plants In The U.S. [REPORT]

ValueWalk

Peter Cundill Protégé Tim McElvaine on Investing in Japan [VIDEO]

ValueWalk

Set Bing Home Page Image As Lock Screen In Windows 8

ValueWalk

Morning Market News: JCP, APO, MCHP, ZIP, ENR, LGF, EA, ATVI, COV, LNT

ValueWalk