Netflix, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 19, 2021 at 09:02 pm
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Netflix, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 7,483.47 million compared to USD 6,435.64 million a year ago. Net income was USD 1,449.07 million compared to USD 789.98 million a year ago. Basic earnings per share from continuing operations was USD 3.27 compared to USD 1.79 a year ago. Diluted earnings per share from continuing operations was USD 3.19 compared to USD 1.74 a year ago.
For the nine months, sales was USD 21,988.53 million compared to USD 18,351.61 million a year ago. Net income was USD 4,508.8 million compared to USD 2,219.24 million a year ago. Basic earnings per share from continuing operations was USD 10.18 compared to USD 5.04 a year ago. Diluted earnings per share from continuing operations was USD 9.9 compared to USD 4.89 a year ago.
Netflix, Inc. specializes in on-line broadcasting services for films and television series provided continuously by subscription. Members pay a monthly fee for access to unlimited on-demand content on their computers (PC and MAC), portable telephones, televisions, or other devices (Xbox 360, PS3, Wii, Blu-Ray, etc.) connected to the Internet. The group is also involved in DVD and Blu-ray leasing by mail. Net sales break down by type of revenue as follows:
- streaming subscriptions revenues (99.8%);
- DVD subscriptions revenues (0.2%).
At the end of 2023, Netflix, Inc. had over 260 million subscribers.
Net sales are distributed geographically as follows: the United States and Canada (44.1%), Europe/Middle East/Africa (31.3%), Latin America (13.3%) and Asia/Pacific (11.3%).