Netflix, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year of 2021
January 20, 2021 at 03:49 pm IST
Netflix, Inc. provided earnings guidance for the first quarter and fiscal year of 2021. For the quarter, The company expects paid net adds of 6.0 million against previous first quarter 15.8 million, which included the impact from the initial COVID-19 lockdowns.
For the year, the company targeting a 20% operating margin, up two percentage points from 2020 and higher than previous 19% forecast, due to a more favorable revenue outlook.