Netflix (NFLX) Q1 2021 earnings

(LR) Reed Hastings and Ted Sarandos attend the world premiere of the Netflix TV series “Marseille” at the Palais du Pharo in Marseille on May 4, 2016 in Marseille, France.

Stephane Cardinale | Corbis | Getty Images

Netflix will post a profit for the first quarter of 2021 after the bell on Tuesday.

Here are the key numbers expected before the results:

  • Earnings per share (EPS): According to Refinitiv analyst survey, $ 2.97 is expected
  • Revenue: According to Refinitiv, $ 7.13 billion is expected
  • Globally paid net subscriber supplements: According to Factset, 6.2 million are expected

It will likely be difficult for investors to directly compare this quarter’s earnings year on year as users flocked to streaming for entertainment at the start of the pandemic. The company added 15.77 million net paid subscribers worldwide for the first quarter of 2020.

Still, investors will be particularly attuned to the company’s subscriber growth. Both an end to the coronavirus pandemic and the start of summer could contain the company’s user additions. The company topped 200 million paid subscribers for the first time in the fourth quarter of 2020.

“Despite a difficult annual subscriber comparable to Q1 21, we are positive on NFLX stocks in Tuesday’s print. Subscriber expectations are conservatively set at the 17 level, and we’re seeing several tailwinds to the one mitigate recent price hike and improve the mobility picture, “analysts at Piper Sandler said in a note to customers last week.

This is also the first quarter that Netflix competes against ViacomCBS’s new Paramount + streaming service. It has continued to hold its own against a host of competitors including Disney’s Disney + and Hulu, AT & T’s HBO Max, Apple TV +, Amazon Prime, and Comcast NBCUniversals Peacock.

“We believe that, despite increasing competition, Netflix will continue to grow steadily and experience less regulatory scrutiny over mega-cap tech peers,” said Bank of America analysts in an April 16 release.

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