BRIEF-Netflix Inc Reports Qtrly Earnings Per Share Of $2.97

Reuters2021-07-21

July 20 (Reuters) - Netflix Inc :

* QTRLY EARNINGS PER SHARE $2.97

* SEES Q3 EARNINGS PER SHARE $2.55

* QTRLY STREAMING NET ADDITIONS 1.54 MILLION

* SEES Q3 REVENUE $7,477 MILLION

* SEES Q3 STREAMING NET ADDITIONS 3.5 MILLION

* APAC REGION REPRESENTED ABOUT TWO-THIRDS OF OUR GLOBAL PAID NET ADDS IN THE QUARTER

* Q2 EARNINGS PER SHARE VIEW $3.16, REVENUE VIEW $7.32 BILLION -- REFINITIV IBES DATA

* Q3 EARNINGS PER SHARE VIEW $2.17, REVENUE VIEW $7.48 BILLION -- REFINITIV IBES DATA

* RECENTLY EXPANDED OUR LOW-COST MOBILE-ONLY PLAN TO AN ADDITIONAL 78 COUNTRIES ACROSS SOUTH EAST ASIA AND SUB-SAHARAN AFRICA

* NETFLIX - BELIEVE LARGE MEMBERSHIP BASE IN UCAN, WITH SEASONALLY SMALLER QUARTER FOR ACQUISITION IS MAIN REASON FOR PAID UCAN MEMBERSHIPS BEING DOWN VERSUS Q1

* NETFLIX - EXPECT CONTENT AMORTIZATION TO BE AROUND $12 BILLION FOR THE FULL YEAR

* NETFLIX - GAMES WILL BE INCLUDED IN MEMBERS’ NETFLIX SUBSCRIPTION AT NO ADDITIONAL COST SIMILAR TO FILMS AND SERIES

* NETFLIX - EXPECT A LONG RUNWAY OF INCREASING INVESTMENT AND GROWTH ACROSS ALL OF OUR EXISTING CONTENT CATEGORIES

* WHILE WE ARE CONTINUALLY EVALUATING OPPORTUNITIES, WE DON’T VIEW ANY ASSETS AS “MUST-HAVE”

* NETFLIX - FOUND THAT THE MOBILE ONLY PLAN HAS BEEN AN EFFECTIVE WAY TO INTRODUCE MORE CONSUMERS TO NETFLIX WHILE BEING ROUGHLY REVENUE NEUTRAL

* HAVEN’T YET FOUND ANY LARGE SCALE ASSETS TO BE SUFFICIENTLY COMPELLING TO ACT UPON

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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calvinchia
2021-07-21
calvinchia
nice

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