[UpcomingLive] Netflix (NFLX) Q1 2021 Earnings Conference Call
Apr.20,2021 18:00 EST we will broadcast the earnings conference call of the world's largest streaming media service provider $Netflix (NFLX.US)$.
![[UpcomingLive] Netflix (NFLX) Q1 2021 Earnings Conference Call](https://ussnsimg.moomoo.com/1618919289189-600003-android-org.png/bigmoo)
Schedule:
Netflix: Apr. 20, 2021 18:00 EST / Apr. 21, 2021 06:00 SGT
Netflix: Apr. 20, 2021 18:00 EST / Apr. 21, 2021 06:00 SGT
Earnings Preview
Analyst estimated for earnings is currently pegged at $2.98 per share, up 2.4% over the past 30 days. By almost every measure, 2020 was an exceptional year for Netflix. The company raked in $25 billion of revenue, up from about $20 billion in the prior year. The COVID-19 pandemic was a key driver of the surge for Netflix in 2020 when it added 25.9 million subscribers, which also hit a record high of $593.29/share in 2021.
Analyst estimated for earnings is currently pegged at $2.98 per share, up 2.4% over the past 30 days. By almost every measure, 2020 was an exceptional year for Netflix. The company raked in $25 billion of revenue, up from about $20 billion in the prior year. The COVID-19 pandemic was a key driver of the surge for Netflix in 2020 when it added 25.9 million subscribers, which also hit a record high of $593.29/share in 2021.
In reporting fourth-quarter results, Netflix projected March quarter revenue of $7.1 billion, with earnings of $2.97 a share, and 6 million net new subscribers. The net-add forecast for the March quarter is down from the 15.8 million spike in subscribers driven by Covid-19 in the year-ago first quarter.
That growth was fueled by millions of consumers sheltering at home and eager for streaming entertainment amid the COVID-19 pandemic. However, Netflix reached the highest stock price in 2020, providing an almost flat performance for 2021 thus far, after gaining 67% in the previous year.
The growth rate of new user acquisition has slowed down and is faced with fierce challenges from from new streaming services competitors like Walt Disney Co.'s $Disney (DIS.US)$ Disney+, Apple Inc.'s $Apple (AAPL.US)$ Apple TV+, and NBCUniversal's Peacock. Can NFLX maintain its upward momentum in the post-pendemic era?
Follow me to get the latest information and updates of earnings conference calls! And you are welcome to share your thoughts regarding financial reports or earnings calls by joining "Earnings Season: Mooers' Discussion"!
Follow me to get the latest information and updates of earnings conference calls! And you are welcome to share your thoughts regarding financial reports or earnings calls by joining "Earnings Season: Mooers' Discussion"!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Daniel Carby : Great![+1 👍](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f44d.png)