Netflix reports dramatic slowdown in subscribers

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Netflix reports dramatic slowdown in subscribers

cnbc2021-04-21

KEY POINTS Netflix shares fell as much as 11% in after-hours trading after reporting a large miss in subscriber numbers in its first-quarter earnings report. The company’s revenue still grew 24% year...

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lzh77
·2021-04-21
Be careful of falling ?
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thesa
·2021-04-21
Netflix UI is still one of the best compared to other streaming platforms
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LJYOng
·2021-04-21
There’s a limit to how many new subscribers theycan get
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1
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Slowdownpok
·2021-04-21
Netflix in right strategy move.
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1
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Pixiestars
·2021-04-21
Time to buy the dip! Pls like and comment.
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3
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- Chifield:
  yes watching.
  2021-04-21
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DTRADES
·2021-04-21
Time to enter.
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2
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Jackal
·2021-04-21
Netflix still the best entertainment out there
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4
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allycat
·2021-04-21
The industry is getting competitive. Buy the dip!
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2
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WilliamQuan
·2021-04-21
Should they expect otherwise
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3
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Targarean
·2021-04-21
Is the Netflix growth story still intact?! ?
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1
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Minidarling
·2021-04-21
Is this the beginning of a decline as it reaches maturity? Can Netflix continue to get relevant content onto their platform?
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1
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Alfred1007
·2021-04-21
Need to do something innovative, or else can't stand out of competition.[吃瓜] [吃瓜]
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SherylSoong
·2021-04-21
I think netflix still better bc got more choice then other.
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Genekun
·2021-04-21
Expected
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2
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SGpHANtom
·2021-04-21
Emerging competitors
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zolluA
·2021-04-21
wow all shifting to disney+ ?
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5
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- Alfred1007:
  some will still prefer Net f l ix as it offers more varities.
  2021-04-21
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DenDenBear
·2021-04-21
Comment and like
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8
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- Player89:
  Yes
  2021-06-02
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- Player89:
  Ni haO
  2021-06-01
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- Player89:
  Yes
  2021-05-31
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Jonchoo
·2021-04-21
Comment and like thanks
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兔气扬眉
·2021-04-21
Pls like and comment
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- Baldy:
  Yeahh
  2021-04-21
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- FreebigmoNeY:
  Pls like n comment back
  2021-04-21
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JWZ137
·2021-04-21
Good
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The company also said it only expects to add about 1 million subscribers in the current quarter.\nHere are the key numbers:\n\nEarnings per share (EPS): $3.75, vs $2.97 expected, according to Refinitiv survey of analysts\nRevenue:$7.16 billion, vs $7.13 billion expected, according to Refinitiv\nGlobal paid net subscriber additions: 3.98 million vs 6.2 million expected, according to Factset\n\n“We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” Netflix said in its letter to shareholders.\nNetflix has continued to hold itself against a bevy of competitors includingDisney’s Disney+ and Hulu,AT&T’s HBO Max,AppleTV+,AmazonPrime andComcastNBCUniversal’s Peacock. The company said in its report that it doesn’t believe competition played a factor in the weak subscriber numbers.\n“We don’t believe competitive intensity materially changed in the quarter or was a material factor in the variance as the over-forecast was across all of our regions,” according to the report.\nNetflix anticipates its content to pick back up later in the year, following production delays caused by the Covid-19 pandemic.\n“As we’ve noted previously, the production delays from Covid-19 in 2020 will lead to a 2021 slate that is more heavily second half weighted with a large number of returning franchises,” the company said.\nThe company said that production is back up and running in nearly all of its major markets. If that continues, Netflix said it expects to spend more than $17 billion in cash on content this year.\nThe company’s revenue grew 24% year over year and was in line with its beginning of quarter forecast, Netflix said. It also delivered a strong beat on earnings compared to Street estimates.\nNetflix also approved a buyback program to repurchase up to $5 billion in common stock, beginning in 2021 with no fixed expiration date. That’s expected to begin the quarter, the company said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":378898587,"gmtCreate":1619014137649,"gmtModify":1704718334857,"author":{"id":"3581654499912172","authorId":"3581654499912172","authorIdStr":"3581654499912172","name":"lzh77","avatar":"https://static.tigerbbs.com/37282f661827d98da9d277ecf852cb00","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581654499912172"},"htmlText":"Be careful of falling ?","listText":"Be careful of falling ?","text":"Be careful of falling ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378898587","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378180998,"gmtCreate":1619010532914,"gmtModify":1704718233027,"author":{"id":"3582015151658901","authorId":"3582015151658901","authorIdStr":"3582015151658901","name":"thesa","avatar":"https://static.tigerbbs.com/bc65c715aee41f251ab29ef17627cf4b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582015151658901"},"htmlText":"Netflix UI is still one of the best compared to other streaming platforms","listText":"Netflix UI is still one of the best compared to other streaming platforms","text":"Netflix UI is still one of the best compared to other streaming platforms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378180998","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378397450,"gmtCreate":1618998443170,"gmtModify":1704718065808,"author":{"id":"3574648007139021","authorId":"3574648007139021","authorIdStr":"3574648007139021","name":"LJYOng","avatar":"https://static.tigerbbs.com/91373d78bbf6246d84bedbc8a6a24b00","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574648007139021"},"htmlText":"There’s a limit to how many new subscribers theycan get","listText":"There’s a limit to how many new subscribers theycan get","text":"There’s a limit to how many new subscribers theycan get","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378397450","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378078349,"gmtCreate":1618985696881,"gmtModify":1704717891959,"author":{"id":"3551139414186896","authorId":"3551139414186896","authorIdStr":"3551139414186896","name":"Slowdownpok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3551139414186896"},"htmlText":"Netflix in right strategy move.&nbsp;","listText":"Netflix in right strategy move.&nbsp;","text":"Netflix in right strategy move.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378078349","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378080294,"gmtCreate":1618979696118,"gmtModify":1704717819752,"author":{"id":"3581832720375359","authorId":"3581832720375359","authorIdStr":"3581832720375359","name":"Pixiestars","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581832720375359"},"htmlText":"Time to buy&nbsp;the dip! Pls like and comment.&nbsp;","listText":"Time to buy&nbsp;the dip! Pls like and comment.&nbsp;","text":"Time to buy the dip! Pls like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/378080294","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4090958,"gmtCreate":1618984845499,"gmtModify":1680784928210,"authorId":3578976238295519,"author":{"id":3578976238295519,"authorId":3578976238295519,"name":"Chifield","avatar":"https://static.tigerbbs.com/35652f65436cad86ed1f7c0d94afae69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":378080294,"type":1,"supId":0,"prevId":0,"content":"yes watching.","text":"yes watching.","html":"yes watching."}],"langContent":"EN"},{"id":371729799,"gmtCreate":1618973408311,"gmtModify":1704717711695,"author":{"id":"3559538025719138","authorId":"3559538025719138","authorIdStr":"3559538025719138","name":"DTRADES","avatar":"https://static.tigerbbs.com/37da89877f762b2ad6f9231bbbf484b5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559538025719138"},"htmlText":"Time to enter.","listText":"Time to enter.","text":"Time to enter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371729799","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371715740,"gmtCreate":1618971380280,"gmtModify":1704717681495,"author":{"id":"3575889284821775","authorId":"3575889284821775","authorIdStr":"3575889284821775","name":"Jackal","avatar":"https://static.tigerbbs.com/2136f45897935c64401ef537e9af93c9","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":6,"crmLevelSwitch":1,"idStr":"3575889284821775"},"htmlText":"Netflix still the best entertainment out there&nbsp;","listText":"Netflix still the best entertainment out there&nbsp;","text":"Netflix still the best entertainment out there","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371715740","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371479413,"gmtCreate":1618968338532,"gmtModify":1704717618314,"author":{"id":"3575286791359007","authorId":"3575286791359007","authorIdStr":"3575286791359007","name":"allycat","avatar":"https://static.tigerbbs.com/787fa8406566069a2cee1be809c719e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575286791359007"},"htmlText":"The industry is getting competitive. Buy the dip!","listText":"The industry is getting competitive. Buy the dip!","text":"The industry is getting competitive. Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371479413","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371447729,"gmtCreate":1618968249061,"gmtModify":1704717616045,"author":{"id":"3578686285736482","authorId":"3578686285736482","authorIdStr":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3578686285736482"},"htmlText":"Should they expect otherwise&nbsp;","listText":"Should they expect otherwise&nbsp;","text":"Should they expect otherwise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371447729","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371447625,"gmtCreate":1618968229867,"gmtModify":1704717616208,"author":{"id":"3573540190522229","authorId":"3573540190522229","authorIdStr":"3573540190522229","name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":7,"crmLevelSwitch":1,"idStr":"3573540190522229"},"htmlText":"Is the Netflix growth story still intact?! ?","listText":"Is the Netflix growth story still intact?! ?","text":"Is the Netflix growth story still intact?! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371447625","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371435434,"gmtCreate":1618964952728,"gmtModify":1704717531118,"author":{"id":"3569316918312189","authorId":"3569316918312189","authorIdStr":"3569316918312189","name":"Minidarling","avatar":"https://static.tigerbbs.com/911ab5863f184fb41ddc75f4e45b595e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569316918312189"},"htmlText":"Is this the beginning of a decline as it reaches maturity? Can Netflix continue to get relevant content onto their platform?&nbsp;","listText":"Is this the beginning of a decline as it reaches maturity? Can Netflix continue to get relevant content onto their platform?&nbsp;","text":"Is this the beginning of a decline as it reaches maturity? Can Netflix continue to get relevant content onto their platform?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371435434","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371433884,"gmtCreate":1618964711148,"gmtModify":1704717523139,"author":{"id":"3570656625926041","authorId":"3570656625926041","authorIdStr":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3570656625926041"},"htmlText":"Need to do something innovative, or else can't stand out of competition.[吃瓜]&nbsp;[吃瓜]&nbsp;","listText":"Need to do something innovative, or else can't stand out of competition.[吃瓜]&nbsp;[吃瓜]&nbsp;","text":"Need to do something innovative, or else can't stand out of competition.[吃瓜] [吃瓜]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371433884","repostId":1103986621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":371439241,"gmtCreate":1618964695283,"gmtModify":1704717521847,"author":{"id":"3581643085768571","authorId":"3581643085768571","authorIdStr":"3581643085768571","name":"SherylSoong","avatar":"https://static.tigerbbs.com/6bc50b5ab0ded93034eacf6366a695ea","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581643085768571"},"htmlText":"I think netflix still better bc got more choice then other.&nbsp;","listText":"I think netflix still better bc got more choice then other.&nbsp;","text":"I think netflix still better bc got more choice then 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