Netflix's Fourth-Quarter Net Profit Rose 12% Year-On-Year

Michelle

Member
Streaming video company Netflix (NASDAQ: NFLX)'s fourth-quarter financial report for fiscal year 2021 shows that Netflix's fourth-quarter revenue was $7.709 billion, an increase of 16.0% from $6.644 billion in the same period last year; The $542 million in the same period last year increased by 12.0%.

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Netflix Fourth-quarter results highlights:


Global streaming service paid subscribers were 221.84 million, an increase of 8.9% from 203.66 million in the same period last year; a net increase of 8.28 million was lower than the net increase of 8.51 million in the same period last year.

Among them, streaming paid subscribers in the United States and Canada (UCAN) region were 75.22 million, a net increase of 1.19 million, higher than the net increase of 860,000 in the same period last year.

Streaming paid subscribers in the Europe, Middle East and Africa (EMEA) region were 74.04 million, a net increase of 3.54 million, down from a net increase of 4.46 million a year earlier.

Latin America (LATAM) paid 39.96 million streaming subscribers, a net increase of 970,000, down from a net increase of 1.21 million a year earlier.

Streaming paid subscribers in Asia Pacific (APAC) were 32.63 million, a net increase of 2.58 million, up from a net increase of 1.99 million a year earlier.

Revenue was $7.709 billion, an increase of 16.0% from $6.644 billion a year earlier.

Among them, streaming media service revenue in the United States and Canada was US$3.309 billion, an increase of 11.0% from US$2.980 billion in the same period last year;

Streaming media services revenue in Europe, the Middle East and Africa was $2.523 billion, an increase of 18.1% from $2.137 billion in the same period last year;

Streaming services revenue in Latin America was $964 million, an increase of 22.2% from $789 million in the same period last year;

Streaming services revenue in Asia Pacific was $871 million, up 27.2% from $685 million a year earlier;

Operating profit was $632 million, down 33.8% from $954 million in the same period last year; operating margin was 8.2%, down 6.2 percentage points from 14.4% in the same period last year;

Net profit was US$607 million, an increase of 12.0% from US$542 million in the same period last year;

Diluted earnings per share were $1.33, an increase of 11.8% from $1.19 a year earlier;

Net cash provided by operating activities was $403 million, compared with $138 million in the prior year; free cash flow was -$569 million, compared with -$284 million in the prior year. For the full year 2021, free cash flow was -$159 million, broadly in line with expectations of "approximately breakeven."
 

Michelle

Member

Netflix's first-quarter outlook:​


Global paid subscribers of streaming media services are expected to be 224.34 million, an increase of 8.0% from 207.64 million in the same period last year, and a net increase of 2.5 million is expected, lower than the net increase of 3.98 million in the same period last year;

Revenue is expected to be $7.903 billion, an increase of 10.3% from $7.163 billion in the same period last year;

Operating profit is expected to be $1.765 billion, down 9.9% from $1.960 billion in the same period last year; operating margin was 22.3%, down 5.1 percentage points from 27.4% in the same period last year;

Net profit is expected to be $1.304 billion, down 23.6% from $1.707 billion a year earlier;

Diluted earnings per share are expected to be $2.86, down 23.7% from $3.75 a year earlier.
 
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