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2021-07-21

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BRIEF-Netflix Inc Reports Qtrly Earnings Per Share Of $2.97

July 20 (Reuters) - Netflix Inc : * QTRLY EARNINGS PER SHARE $2.97 * SEES Q3 EARNINGS PER SHAR

BRIEF-Netflix Inc Reports Qtrly Earnings Per Share Of $2.97

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Netflix Inc : * QTRLY EARNINGS PER SHARE $2.97 * SEES Q3 EARNINGS PER SHARE $2.55 * QTRLY STREAMING NET ADDITIONS 1.54 MILLION * SEES Q3 REVENUE $7,477 MILLION * SEES Q3 STREAMING NET ADDITIONS 3.5 MILLION * APAC REGION REPRESENTED ABOUT TWO-THIRDS OF OUR GLOBAL PAID NET ADDS IN THE QUARTER * Q2 EARNINGS PER SHARE VIEW $3.16, REVENUE VIEW $7.32 BILLION -- REFINITIV IBES DATA * Q3 EARNINGS PER SHARE VIEW $2.17, REVENUE VIEW $7.48 BILLION -- REFINITIV IBES DATA * RECENTLY EXPANDED OUR LOW-COST MOBILE-ONLY PLAN TO AN ADDITIONAL 78 COUNTRIES ACROSS SOUTH EAST ASIA AND SUB-SAHARAN AFRICA * NETFLIX - BELIEVE LARGE MEMBERSHIP BASE IN UCAN, WITH SEASONALLY SMALLER QUARTER FOR ACQUISITION IS MAIN REASON FOR PAID UCAN MEMBERSHIPS BEING DOWN VERSUS Q1 * NETFLIX - EXPECT CONTENT AMORTIZATION TO BE AROUND $12 BILLION FOR THE FULL YEAR * NETFLIX - GAMES WILL BE INCLUDED IN MEMBERS’ NETFLIX SUBSCRIPTION AT NO ADDITIONAL COST SIMILAR TO FILMS AND SERIES * NETFLIX - EXPECT A LONG RUNWAY OF INCREASING INVESTMENT AND GROWTH ACROSS ALL OF OUR EXISTING CONTENT CATEGORIES * WHILE WE ARE CONTINUALLY EVALUATING OPPORTUNITIES, WE DON’T VIEW ANY ASSETS AS “MUST-HAVE” * NETFLIX - 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