news, historical charts, performance, company statistics and other vital information to help you with your stock investing and trading. Revenue rose to $7.16 billion from $5.77 billion during the quarter, edging past estimates of $7.13 billion. stock price and detailed information including Netflix, Inc. Its last market close was 602.13, which is 36.88 up on its pre-crash value of 380.07 and 107. "What wasn't expected was the strength of the slowdown in international markets, where competition is significantly lower," said eMarketer analyst Eric Haggstrom.Įxcluding items, the company earned $3.75 per share in the first quarter, beating analyst estimates of $2.97 per share. Since the stock market crash in March caused by coronavirus, Netflixs stock price has had significant positive movement. New customers totaled 1.8 million in Europe, 1.36 million in Asia and 360,000 in Latin America. Netflix also raised its monthly rates in Britain, Germany, Argentina and Japan during the quarter. subscribers fell to 8.5% during the quarter, down from 16.2% the same period a year ago, according to Kantar Media.ĭuring the quarter, Netflix lost one of its most popular titles when workplace comedy "The Office" moved to Comcast Corp streaming service Peacock. Netflix's total streaming customers stood at 207.6 million at the end of March. Walt Disney Co's Disney+ crossed 100 million subscribers in March. Rival media companies have declared streaming their priority and are spending billions to compete with Netflix. "These dynamics are also contributing to a lighter content slate in the first half of 2021, and hence, we believe slower membership growth," the company said in its quarterly letter to shareholders.Īnalysts project people will spend less time streaming from their living rooms as COVID-19 vaccinations spread and more people emerge from their homes.
This chart shows the closing price for NFLX for the last year in relation to the current analyst high, average, and low pricetarget. The average price target represents a 1.75 upside from the last price of 658.98. The company said on Tuesday the pandemic hindered filming new shows. The average price target is 670.54, with a high forecast of 800.00 and a low forecast of 342.00.
The company projected membership growth would accelerate in the second half of the year when it releases new seasons of "You," "Money Heist," and "The Witcher" and action movie "Red Notice," among other titles.Ī year ago, Netflix added a record 15.8 million customers as the pandemic forced people around the world to stay home. Netflix (NFLX) Outpaces Stock Market Gains: What You Should Know Netflix (NFLX) closed the most recent trading day at 628.08, moving +0.4 from the previous trading session. All Rights Reserved.Netflix said it did not believe competition changed materially in the quarter or impacted its new sign-ups "as the over-forecast was across all of our regions." All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates.
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