Netflix & Q4 earnings

Netflix released its Q4 2021 financial results after the US market close on Thursday.

The online streaming service company reported total revenue of $7.709 billion in the quarter, slightly falling short of analyst forecast of $7.71 billion.

Earnings per share at $1.33 a share, above analyst estimate of $0.88 a share.

”We achieved several milestones in 2021: we had the biggest TV show of the year (Squid Game), our two biggest film releases of all time (Red Notice and Don’t Look Up) and Netflix was the most Emmy-winning and most nominated TV network and the most Oscar-winning and nominated movie studio of 2021. Full year revenue of $30 billion grew 19% year over year while operating income of $6.2 billion rose 35% year over year. We finished Q4 with 222m paid memberships (with 8.3m paid net adds in Q4). Even in a world of uncertainty and increasing competition, we’re optimistic about our long-term growth prospects as streaming supplants linear entertainment around the world. We’re continually improving Netflix so that we can please our members, grow our share of leisure time and lead in this transition,” the company wrote in a letter to shareholders following the latest results.

Netflix chart (1Y)

Share price of Netlfix traded lower on Thursday, down by 1.48% at $508.25 per share. The stock is down by 12% in the past year.

Netlfix is the 46^th largest company in the world, with a total market cap of $225.13 billion.

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Sources: Netlfix, TradingView, CompaniesMarketCap