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Netflix Jan-Mar 2021 Financial Results

English

Have you ever heard of Netflix (ticker symbol: NFLX), a U.S. stock?

It is a global subscription video distribution service company.

In this article, I would like to introduce the company’s financial results for the period from January to March 2021, which were announced on April 20, 2021.

January to March 2021

EPS was $3.75 vs. forecast of $2.94.

Net sales of $7.16 billion vs. forecast of $7.13 billion.

Sales growth rate was +24.2% YoY.

EPS includes a valuation gain of $253 million on Euro-denominated bonds, so it is not simply comparable to the forecast.

The number of new global subscribers was 3.98 million. The total number of subscribers was 208 million.

Operating cash flow was $777 million. Operating cash flow was $777 million, compared to $260 million in the same period last year.

Free cash flow was $692 million. Free cash flow was $692 million, compared to $162 million in the same period last year.

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