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3 Things to Know After Netflix Reported Earnings

In today's video I look at fundamentals and recent earnings for Netflix (NASDAQ: NFLX). Below I share a few highlights from the video.

  1. Netflix's revenue grew 19% year over year and finished the quarter with over 209 million paid subscribers for Q2 2021. Netflix added 1.54 million subscribers, beating its previous guidance of 1 million subscribers, and forecasts 3.3 million subscribers for the upcoming quarter.
  2. Netflix mentioned gaming, a new content category that will be included in members' subscriptions at no additional cost. Initial games will be focused on mobile devices.
  3. According to Nielsen, streaming represents only 27% of US TV screen time, so there is plenty of room for growth. Netflix currently represents only 7% of US TV screen time and believes the number is much lower in other countries. Netflix is attempting to increase its TV screen time by adding new content and improving its services.

*Stock prices used were the closing prices of July 20, 2021. The video was published on July 20, 2021.

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Jose Najarro has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Netflix. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.


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