The corporate reporting period has is going.
Last week, 31 companies from the S&P 500 index reported.
Today we will consider Netflix. Its revenue is $10.5B. It grew by +3.0% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +0.4%. Let’s analyze the company’s business in more detail.
Netflix is one of the largest streaming companies in the world with a subscriber base of over 278 million users from 190 countries. The company creates most of its content independently. The company also introduces paid subscriptions to video games and advertising integrations.
Netflix’s revenues increased by +12.9% year-on-year. During the reporting quarter, the company promoted advertising options in its subscriptions, namely, in early April, it launched Netflix Ads Suite, its own advertising platform for US users.
50% of the revenue structure is made up of manufacturing costs and 50% of gross revenue. Over the past quarter, the company made a profit of $2.8B. Its market capitalization is $416B.
After the publication of the report, Netflix shares rose by +1.2% to $973 per share. In general, market participants are satisfied with the company’s current financial results and reacted positively to the forecasts for the next quarter.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
