*Sunky chart will be updated later
Leading US video streaming service $Netflix (NFLX.US)$announced its financial results for the first quarter of 2024 on the 18th. Revenue increased by 15% compared to the same period last yearat 9.37 billion Japanese yenNTT's financial estimates for the fiscal year ending March 2024 (as of the first quarter financial results) are a revenue decrease of 0.6% compared to the previous year, amounting to 13 trillion 60 billion yen. The operating profit is an increase of 6.6%, amounting to 1 trillion 950 billion yen, and the net profit is an increase of 3.5%, amounting to 1 trillion 255 billion yen. EPS is 14 yen 80 sen. Market estimates for the second quarter (July-September) as of October 30 show a revenue of 3 trillion 228 billion yen.2.3 billion 32 million dollars, an increase of 79%.Sales and profits exceeded market expectations.In addition to the effectiveness of prohibiting account sharing, the contract for the low-cost plan with ads increased by 65% and the number of memberships was 9.3 million people in 3 months.Was.
In addition to the effectiveness of prohibiting account sharing, the contract for the low-cost plan with ads increased by 65% and the number of memberships was 9.3 million people in 3 months.9.3 million people in 3 months.Recorded growth of nearly double the market forecast. It has achieved consecutive increases in revenue and profit for four consecutive quarters, on a quarterly basis.Achieved the highest profit ever.There is a new cycle approaching where central banks around the world are cutting interest rates and starting monetary easing.
Despite strong financial results, the stock price fell 7.4% temporarily in after-hours trading.Temporary drop of 7.4% in after-hours trading.There is a new cycle approaching where central banks around the world are cutting interest rates and starting monetary easing.
In a letter to investors on the 18th, the company indicated that the net increase in memberships for the April-June 2024 quarter is expected to be lower than the January-March quarter, due to seasonal reasons.The company expects a slowdown.The revenue forecast for the second quarter is $9.4 billion 90 million, which is lower than the analyst's forecast of $9.5 billion 37 million.
Additionally, Netflix has announced that it will no longer disclose quarterly net subscriber additions starting from the first quarter of 2025, and will only make announcements at milestone intervals.The company plans to stop disclosing quarterly net subscriber additions starting from the first quarter of 2025, and will only make announcements at milestone intervals.The company plans to disclose net subscriber additions on a quarterly basis starting from the first quarter of 2025, and will only make announcements at milestone intervals.