Netflix Earnings Report for Q1 2021

Posted by Lulama Msungwa -
Scope Markets

Key points

  • Netflix earnings report to come out after the closing bell
  • We do not expect a pick-up in subscribers like a year ago
  • We expect a consensus of $2.97 per share and revenues of $7.13 Billion
  • The share price for Netflix has not made a major move since Mid-January 2021

Netflix earnings report for Q1 2021

Netflix earnings report for Q1 will come out after the U.S closing bell on Tuesday. Netflix earnings report for Q4 was a success with a record jump in their subscribers’ numbers. The big question ahead of the earnings is whether the company was able to maintain their subscriber’s growth in the streaming industry as competition intensifies, companies such as Disney looking to overtake Netflix. Investors will be hoping to get answers to this question in the report when Netflix reports its Q1 results.

Despite growing competition from Disney+, Apple TV+, and HBO Max, Netflix has consistently kept their subscribers on their platform by creating content to keep themselves at the top as the king of streaming. The recent event was the company approach to negotiate a deal with Sony Entertainment that does not only allow Netflix to receive their content sooner than they used to, but also to allow the two companies to jump into a new partnership which has been innovative and has helped the Netflix company to increase their international subscribers. For how long will Netflix enjoy its positive run as the king of streaming?

The answer to the question will come out from the report, and we can expect to hear their plans as the economy reopens, easing lockdowns that were many contributors to their subscriber’s pick-up. In the Netflix earnings report for Q1 we expect to see 6 million paid subscribers than the 15million in Q4. This is a sign of the economy reopening and people getting back to normal, opening a room for new activities apart from Netflix.

We expect a consensus of $2.97 per share and revenue of $7.13 billion on Q1 earnings.

A better-than-expected outlook will be positive to pick up the stock price that has been failing to find direction. Investors will be hoping to hear more from the company about their future plans as streaming competition gears up.

Technical outlook

The Netflix stock price hit a record of $593.60 after the company’s Q4 earnings, which showed a massive achievement for the company. The stock price failed to sustain its moving above the price level as a day after it went back to trade below the record level.

Technical outlook NFLX April 19,2021
Netflix stock 4 hour time frame

Since January to date, the stock price has remained below the level, consolidating between $575 and $460. Despite good numbers from Q4, the stock price has been struggling to find direction. We can expect the stock price to continue trading within a consolidation despite the expected Q1 report.

Share this article:

Disclaimer: This material is a marketing communication and shall not in any case be construed as an investment advice, investment recommendation or presentation of an investment strategy. The marketing communication is prepared without taking into consideration the individual investors personal circumstances, investment experience or current financial situation. Any information contained therein in regardsto past performance or future forecasts does not constitute a reliable indicator of future performance, as circumstances may change over time. Scope Markets shall not accept any responsibility for any losses of investors due to the use and the content of the abovementioned information. Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.

Payment Methods

Scope Markets
Scope Markets
Scope Markets
Scope Markets

Awards

Scope Markets
Scope Markets
Scope Markets
Scope Markets

Scope Markets offers institutional and retail trading services to businesses and traders worldwide. Our top management team has more than 20 years of experience in the industry, and we are proud of the solid partnerships we built over the years. Whether it's a business or individual, Scope Markets has a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and place the client first.

Contact Us

Registered address:
6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize

Email:
customerservice@scopemarkets.com

Tel:
+44 2030 516959

Risk Warning

Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors. Trading in financial instruments may result in losses as well as profits and your losses can be greater than your initial invested capital. Before undertaking any such transactions, you should ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

Legal Information

RS Global Ltd is authorized and regulated by the Financial Services Commission of Belize ("FSC") under the Securities Industry Act 2021 with registration number 000274/2.

Restricted Regions

Scope Markets does not offer its services to the residents of certain jurisdictions. Please read carefully our Restricted Countries document.

This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy.

© Copyright 2022 Scope Markets. All Rights Reserved.