Revenue, net income rise strongly but Netflix misses net adds target for Q1 21
| 21 April 2021 After unprecedented growth in 2020 where the company was almost certainly the biggest beneficiary of global stay at home orders and lockdowns resulting in soaring membership, subscription video-on-demand leader Netflix has seen business gravity apply over the course of the first quarter of 2021. For the three-month period ended 31 March 2021, the company had 208 million paid memberships around the world, up 13.6% compared with the end of Q1 20 and 3.98 million more than at the end of the fourth quarter of 2020. Revenue for the quarter grew 24% on an annual basis ...
Source: rapidtvnews.com