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2021-04-21

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Netflix's subscriber growth in the first quarter was far worse than expected, falling 10% after hours

4月21日消息，流媒体巨头奈飞$(NFLX)$在美股收盘后公布了2021年一季度财报。奈飞今年一季度的盈利和收入都高于市场预期，但用户增长大幅下滑，下降的幅度远超预期。盘后奈飞股价跳水，跌幅迅速超过1

Netflix's subscriber growth in the first quarter was far worse than expected, falling 10% after hours

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":371488211,"tweetId":"371488211","gmtCreate":1618965721833,"gmtModify":1704717554781,"author":{"id":3569501672151768,"idStr":"3569501672151768","authorId":3569501672151768,"authorIdStr":"3569501672151768","name":"婷婷012","avatar":"https://static.tigerbbs.com/be9adc9218f7a191061b5437c2c17d39","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>??</p></body></html>","htmlText":"<html><head></head><body><p>??</p></body></html>","text":"??","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/371488211","repostId":1115044994,"repostType":4,"repost":{"id":"1115044994","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618960116,"share":"https://ttm.financial/m/news/1115044994?lang=en_US&edition=fundamental","pubTime":"2021-04-21 07:08","market":"us","language":"zh","title":"Netflix's subscriber growth in the first quarter was far worse than expected, falling 10% after hours","url":"https://stock-news.laohu8.com/highlight/detail?id=1115044994","media":"老虎资讯综合","summary":"4月21日消息，流媒体巨头奈飞$(NFLX)$在美股收盘后公布了2021年一季度财报。奈飞今年一季度的盈利和收入都高于市场预期，但用户增长大幅下滑，下降的幅度远超预期。盘后奈飞股价跳水，跌幅迅速超过1","content":"<p>News on April 21, streaming media giant Netflix<a href=\"https://laohu8.com/S/NFLX\">$(NFLX) $</a>The financial report for the first quarter of 2021 was announced after the U.S. stock market closed. Netflix's profit and revenue in the first quarter of this year were higher than market expectations, but user growth fell sharply, far exceeding expectations. After the market closed, Netflix's stock price plunged, falling quickly by more than 10%, and the drop once reached 13%. If it also maintains a decline of about 10% at the close on Wednesday, it will be the largest one-day decline since the second quarter of 2019 on the day after Netflix's quarterly financial report was released.<img src=\"https://static.tigerbbs.com/ca1815a808a8d054f8ac0d1412d52e82\" tg-width=\"682\" tg-height=\"549\" referrerpolicy=\"no-referrer\">After the U.S. stock market closed on Tuesday Eastern Time, Netflix announced diluted earnings per share (EPS) of US $3.75 in the first quarter, a year-on-year increase of 139%, higher than market expectations of US $2.98; Revenue for the quarter increased by 24% year-on-year to a record $7.16 billion, compared with market expectations of $7.14 billion.</p><p>But<b>In the first quarter, Netflix's global paying users only increased by 3.98 million net, which was nearly 37% lower than market expectations for an increase of 6.29 million, and nearly 75% lower than the net increase in paying users in the first quarter of last year.</b>, the market expects a year-on-year decline of approximately 60% in net users.<img src=\"https://static.tigerbbs.com/2fd9f7ade3c94755b8f9ac4b2fb2d450\" tg-width=\"829\" tg-height=\"427\" referrerpolicy=\"no-referrer\">In terms of performance guidance,<b>Netflix expects to add 1 million new paying users in the second quarter, far less than the net increase of 10.06 million in the second quarter of last year</b>，<b>Also far below market expectations for a net increase of 4.44 million</b>； The second quarter EPS is expected to be US $3.16, higher than the market expectation of US $2.67.<img src=\"https://static.tigerbbs.com/9c605b154dca9361204e6a67cf794fd4\" tg-width=\"864\" tg-height=\"395\" referrerpolicy=\"no-referrer\">Some commentators pointed out that Netflix's operating profit margin in the first quarter exceeded 27.3%, which was at a historical high, but this was mainly due to the reduction in expenditure on content production in the quarter.</p><p>User growth is particularly weak, Netflix blames base effect and epidemic impact on content production</p><p>Last year, COVID-19 pandemic forced many places to introduce stay-at-home lockdowns, and Internet companies like Netflix became beneficiaries of the surge in consumer indoor spending. Wall Street institutions had previously predicted that Netflix's user growth would slow down significantly as work resumed in various places. The latest data released by Netflix is obviously worse than the market expected.</p><p>In terms of regions, Netflix's net increase in streaming media paying users in the United States and Canada (UCAN) in the first quarter was nearly 450,000, a year-on-year decrease of 81% compared with the net increase in users in the first quarter of last year, and the market expected a net increase of 571,000; The net increase of paying users in Europe, the Middle East and Africa (EMEA) was 1.81 million, the net increase of users decreased by 74% year-on-year, and the market expected a net increase of 2.88 million; Latin America (LATAM) has a net increase of 360,000 paying users, a net increase of 88% year-on-year decrease, and the market expects a net increase of 1.06 million; The Asia-Pacific region (APAC) had a net increase of 1.36 million users, a year-on-year decrease of 62%, and the market expected a net increase of 1.72 million.</p><p>Netflix said in a letter to shareholders this time that last year's unprecedented COVID-19 pandemic brought the company unprecedented user growth and record operating income in the first quarter of this year, but at the same time dragged down this year's year-on-year growth.</p><p>Netflix believes that the slowdown in paying user growth stems from last year's COVID-19 pandemic explosion that vigorously promoted user growth at that time, and because last year's epidemic delayed content output, new content in the first half of this year appeared light. Netflix does not believe that fierce competition from peers such as Disney, Apple TV, and Amazon Prime will have a substantial impact on its first-quarter performance.</p><p>In the letter, Netflix stated that last year's epidemic caused the delay of content production, so this year's content will be more concentrated in the second half of the year, and a large number of film and television dramas will return in the second half of the year, such as the new season of \"Sex Education\", The Witcher (The Witcher), \"La Casa de Papel\" and the original movie \"The Kissing Booth\" 3, \"Red Notice\" starring Gal Gadot, and \"Don't Look Up\" starring Leonardo DiCaprio and Cate Blanchett. Netflix expects that the growth of paying users will accelerate again in the second half of the year.</p><p>On the analyst conference call after the financial report was announced, Netflix also reported that the impact of the novel coronavirus pneumonia epidemic on subscribers was lower than expected, and said that the opening and closure of theaters caused by the epidemic did not affect the company's growth, and the number of subscribers is currently few. There is no fluctuation, and there is no evidence that competition in the industry is hurting growth. Netflix believes that the surge in audiences during the epidemic may have ended.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix's subscriber growth in the first quarter was far worse than expected, falling 10% after hours</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix's subscriber growth in the first quarter was far worse than expected, falling 10% after hours\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-21 07:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on April 21, streaming media giant Netflix<a href=\"https://laohu8.com/S/NFLX\">$(NFLX) $</a>The financial report for the first quarter of 2021 was announced after the U.S. stock market closed. Netflix's profit and revenue in the first quarter of this year were higher than market expectations, but user growth fell sharply, far exceeding expectations. After the market closed, Netflix's stock price plunged, falling quickly by more than 10%, and the drop once reached 13%. If it also maintains a decline of about 10% at the close on Wednesday, it will be the largest one-day decline since the second quarter of 2019 on the day after Netflix's quarterly financial report was released.<img src=\"https://static.tigerbbs.com/ca1815a808a8d054f8ac0d1412d52e82\" tg-width=\"682\" tg-height=\"549\" referrerpolicy=\"no-referrer\">After the U.S. stock market closed on Tuesday Eastern Time, Netflix announced diluted earnings per share (EPS) of US $3.75 in the first quarter, a year-on-year increase of 139%, higher than market expectations of US $2.98; Revenue for the quarter increased by 24% year-on-year to a record $7.16 billion, compared with market expectations of $7.14 billion.</p><p>But<b>In the first quarter, Netflix's global paying users only increased by 3.98 million net, which was nearly 37% lower than market expectations for an increase of 6.29 million, and nearly 75% lower than the net increase in paying users in the first quarter of last year.</b>, the market expects a year-on-year decline of approximately 60% in net users.<img src=\"https://static.tigerbbs.com/2fd9f7ade3c94755b8f9ac4b2fb2d450\" tg-width=\"829\" tg-height=\"427\" referrerpolicy=\"no-referrer\">In terms of performance guidance,<b>Netflix expects to add 1 million new paying users in the second quarter, far less than the net increase of 10.06 million in the second quarter of last year</b>，<b>Also far below market expectations for a net increase of 4.44 million</b>； The second quarter EPS is expected to be US $3.16, higher than the market expectation of US $2.67.<img src=\"https://static.tigerbbs.com/9c605b154dca9361204e6a67cf794fd4\" tg-width=\"864\" tg-height=\"395\" referrerpolicy=\"no-referrer\">Some commentators pointed out that Netflix's operating profit margin in the first quarter exceeded 27.3%, which was at a historical high, but this was mainly due to the reduction in expenditure on content production in the quarter.</p><p>User growth is particularly weak, Netflix blames base effect and epidemic impact on content production</p><p>Last year, COVID-19 pandemic forced many places to introduce stay-at-home lockdowns, and Internet companies like Netflix became beneficiaries of the surge in consumer indoor spending. Wall Street institutions had previously predicted that Netflix's user growth would slow down significantly as work resumed in various places. The latest data released by Netflix is obviously worse than the market expected.</p><p>In terms of regions, Netflix's net increase in streaming media paying users in the United States and Canada (UCAN) in the first quarter was nearly 450,000, a year-on-year decrease of 81% compared with the net increase in users in the first quarter of last year, and the market expected a net increase of 571,000; The net increase of paying users in Europe, the Middle East and Africa (EMEA) was 1.81 million, the net increase of users decreased by 74% year-on-year, and the market expected a net increase of 2.88 million; Latin America (LATAM) has a net increase of 360,000 paying users, a net increase of 88% year-on-year decrease, and the market expects a net increase of 1.06 million; The Asia-Pacific region (APAC) had a net increase of 1.36 million users, a year-on-year decrease of 62%, and the market expected a net increase of 1.72 million.</p><p>Netflix said in a letter to shareholders this time that last year's unprecedented COVID-19 pandemic brought the company unprecedented user growth and record operating income in the first quarter of this year, but at the same time dragged down this year's year-on-year growth.</p><p>Netflix believes that the slowdown in paying user growth stems from last year's COVID-19 pandemic explosion that vigorously promoted user growth at that time, and because last year's epidemic delayed content output, new content in the first half of this year appeared light. Netflix does not believe that fierce competition from peers such as Disney, Apple TV, and Amazon Prime will have a substantial impact on its first-quarter performance.</p><p>In the letter, Netflix stated that last year's epidemic caused the delay of content production, so this year's content will be more concentrated in the second half of the year, and a large number of film and television dramas will return in the second half of the year, such as the new season of \"Sex Education\", The Witcher (The Witcher), \"La Casa de Papel\" and the original movie \"The Kissing Booth\" 3, \"Red Notice\" starring Gal Gadot, and \"Don't Look Up\" starring Leonardo DiCaprio and Cate Blanchett. Netflix expects that the growth of paying users will accelerate again in the second half of the year.</p><p>On the analyst conference call after the financial report was announced, Netflix also reported that the impact of the novel coronavirus pneumonia epidemic on subscribers was lower than expected, and said that the opening and closure of theaters caused by the epidemic did not affect the company's growth, and the number of subscribers is currently few. There is no fluctuation, and there is no evidence that competition in the industry is hurting growth. Netflix believes that the surge in audiences during the epidemic may have ended.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5e2ff7a61ae294adb3f9ea5ded0b1544","relate_stocks":{"NFLX":"奈飞"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115044994","content_text":"4月21日消息，流媒体巨头奈飞$(NFLX)$在美股收盘后公布了2021年一季度财报。奈飞今年一季度的盈利和收入都高于市场预期，但用户增长大幅下滑，下降的幅度远超预期。盘后奈飞股价跳水，跌幅迅速超过10%，跌幅一度达到13%。如果周三收盘也保持10%左右的跌幅，将是2019年二季度以来奈飞季度财报公布次日的最大单日跌幅。美东时间本周二美股盘后，奈飞公布一季度稀释后每股收益（EPS）为3.75美元，同比增长139%，高于市场预期的2.98美元；当季营收同比增长24%，增至创纪录的71.6亿美元，市场预期71.4亿美元。但一季度奈飞的全球付费用户仅净增加398万，比市场预期增幅629万低近37%，较去年一季度的净增付费用户同比减少将近75%，市场预期净增用户的同比降幅约为60%。在业绩指引方面，奈飞预计，二季度新增付费用户100万，远不及去年二季度的净增1006万，也远低于市场预期的净增444万；预计二季度EPS 3.16美元，高于市场预期2.67美元。有评论指出，奈飞一季度的营业利润率超过27.3%处于历史高位，但这主要源于当季制作内容方面的支出减少。用户增长格外疲软 奈飞归咎于基数效应和疫情影响内容生产去年新冠疫情迫使多地出台居家禁足令，奈飞这样的互联网公司成为消费者室内支出猛增的受益者。华尔街机构此前预计到，随着各地复工，奈飞的用户增长会明显放缓。而奈飞最新公布的数据显然比市场预料的还差。分地区看，奈飞一季度在美国和加拿大地区（UCAN）的流媒体净增付费用户将近45万，较去年一季度净增用户同比减少81%，市场预期净增57.1万；欧洲、中东和非洲地区（EMEA）净增付费用户181万，净增用户同比减少74%，市场预期净增288万；拉丁美洲（LATAM）净增付费用户36万，净增用户同比减少88%，市场预期净增106万；亚太地区（APAC）净增用户136万，同比减少62%，市场预期净增172万。奈飞此次在致股东信中称，去年史无前例的新冠疫情给公司带来了史无前例的用户增长，以及今年一季度创纪录的营业收入，但同时拖累了今年的同比增长。奈飞相信，付费用户增长放缓源于去年新冠疫情爆大力推动当时用户增长，并且因为去年的疫情推迟了内容产出，所以今年上半年的新增内容显得较清淡。奈飞并不认为迪士尼、苹果电视、亚马逊Prime等同行的激烈竞争对一季度业绩有实质影响。信中奈飞称，去年的疫情导致内容制作推迟，因此今年的内容将更集中在下半年推出，下半年将有大批影视剧作回归，比如新一季的《性爱自修室》（Sex Education）、《猎魔人》（The Witcher）、《纸钞屋》（La Casa de Papel）以及原创电影《亲吻亭》（The Kissing Booth）3、盖尔·加朵等主演的《红色通缉令》（Red Notice）、莱昂纳多·迪卡普里奥、凯特·布兰切特等明星主演的《不要抬头》（Don’t Look Up）。奈飞预计，下半年付费用户将重新加快增长。在财报公布后的分析师电话会议上，奈飞也将订阅用户低于预期新冠肺炎疫情影响，并表示，疫情所引发的院线开业和停业并没有影响到该公司的增长，订阅用户数当前几无波动，没有证据表明业内竞争伤害到增长。奈飞认为，疫情期间的观众激增现象恐怕已经结束。","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2545,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}