Earnings Report /
United States of America

Netflix Inc: Membership growth boosted by hit series

  • 3Q21 results above expectations. YTD FY21 revenue/PATMI at 75/101% of our FY21e forecasts

  • Business metrics paid memberships and ARM boosted by hit series, “Squid Game” and “Money Heist”

  • We raise our FY21e PATMI by 9% to US$4.9bn on lower than expected interest expense and effective tax rates YTD

Jonathan Woo
Jonathan Woo

Research Analyst

PhillipCapital
25 October 2021
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