Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 12/05/2021 10:49 
21.04.2021 16:12 News >> Netflix Income, Revenue Rise In Q1, Membership At 207M

Netflix Income, Revenue Rise In Q1, Membership At 207M

Online streaming platform could only add less than 4M new subscribers in first 3 months of 2021.

Netflix saw its net income and revenue increase in the first quarter of the year, while total membership climbed above 270 million, according to financial figures released on Tuesday.
Net income rose to almost $1.71 billion, up 140% from $709 million in the first quarter of last year. Revenue increased 24% to $7.16 billion from $5.77 billion during that period.
The number of paid memberships reached 207 million in January-March, which was up 13% from a year ago. Total subscriptions had surpassed the 200-million mark in the last quarter of 2020.
The world's largest movie and series streaming subscription service, however, managed only to add less than 4 million new members in the first three months of this year. This level is significantly down from almost 16 million net additions in first quarter of 2020, when the coronavirus pandemic hit the world and forced quarantines.
"The extraordinary events of Covid-19 led to unprecedented membership growth in 2020, as it pulled forward growth from 2021, and delayed production across every region," the statement said.
"In the short-term, there is some uncertainty from Covid-19; in the long-term, the rise of streaming to replace linear TV around the world is the clear trend in entertainment," it added.
Netflix shares closed Tuesday with a 0.9% decline on the Nasdaq, but its stock price was down 8.3% in limited pre-market trading before US market opening on Wednesday. -



        Latest News
Turkish Stocks Looking Down At Midweek Open 25 minutes ago...
BIST 100 index falls 3.5 points from previous close.
100 More Rockets Fired From Gaza To Israel -4 minutes ago...
Armed wing of Islamic Jihad responds to Israeli attacks on civilian settlements by targeting 4 cities.
Israel Rejects UN Proposal For De-Escalation: Source 10 minutes ago...
Hamas refrains from responding to UN proposal due to Israeli rejection.
Turkish Airlines Carried 2.4M Passengers In April 10 minutes ago...
National flag carrier adds 12 new destinations to its flight network, reaching 320 worldwide.
Turkish Airlines Carried 2.4M Passengers In April 25 minutes ago...
National flag carrier adds 12 new destinations to its flight network, reaching 320 worldwide.

 
      Top News
French Politicians Question 'Measured Response' To Jerusalem French Politicians Question 'Measured Response' To Jerusalem
German-Turkish Politician Forced To Resign After Criticizing Israel German-Turkish Politician Forced To Resign After Criticizing Israel
Israel Commits War Crimes In Gaza: Palestinian Premier Israel Commits War Crimes In Gaza: Palestinian Premier
Evictions Against Palestinians Confirm Apartheid In Israel: HRW Evictions Against Palestinians Confirm Apartheid In Israel: HRW
Turkish Tailors Drape Eid Clothing For Syrian Children In Idlib Turkish Tailors Drape Eid Clothing For Syrian Children In Idlib
Mothers In Eastern Turkey Long To Reunite With PKK-Abducted Children Mothers In Eastern Turkey Long To Reunite With PKK-Abducted Children
Israel Shuts Another Gaza Border Over Security Concerns Israel Shuts Another Gaza Border Over Security Concerns
UK Premier Being Investigated Over Caribbean Holiday Funding UK Premier Being Investigated Over Caribbean Holiday Funding
WFP Gets Over $600,000 From EU For COVID-19 Recovery In Rwanda WFP Gets Over $600,000 From EU For COVID-19 Recovery In Rwanda
Clashes In Colombia Leave Indigenous People Wounded Clashes In Colombia Leave Indigenous People Wounded