Netflix, Inc. (NFLX) is a leading global entertainment streaming platform with a customer base ranging worldwide. The company offers paid membership to its customers to enjoy documentaries, TV series, and feature films in different languages. Members have the access to the content anytime and anywhere using the internet.
The price of NFLX stock during the regular trading on January 20, 2022, was $508.25 with a slight deceleration of 1.48%. At last check in the pre-market, the stock further nose-dived by 21.37%.
NFLX: Key Financials
NFLX on January 20, 2022, reported its fourth-quarter 2021 financial results for the quarter ended December 31, 2021. Some of the key financial highlights are as follows.
Revenue
Revenue of the company in the fourth quarter of 2021 was $7.7 million compared to the same period of 2020 when it was $6.6 million.
Net Income per Share
Basic and diluted net income per share for the fourth quarter of 2021 was $0.6 million or $1.37 (basic) and $1.33 (diluted). The net income in the same period of 2020 was $0.54 million or $1.23 (basic) and $1.19 (diluted).
NFLX: Events and Happenings
On January 20, 2022, NFLX reported about its team and Aardman collaboration for the new ‘Chicken Run’ sequel and shared its details. NFLX reported about the release of the feature film ‘Nyad’ on January 20, 2022, on its platform. On January 18, 2022, the company reported on the introduction of a filmmakers’ initiative to help find new voices in the storytelling genre.
On January 14, 2022, NFLX reported serving a documentary series after men’s and women’s pro-tennis players in ATP and WTA tours and other grand slam events. The company on January 13, 2022, reported about premiering a new comedy series ‘Murderville’ on February 3, 2022. On December 16, 2021, NFLX reported about its creative collaboration with academy award winner actor Spike Lee.
On December 7, 2021, the company reported on partnering with IllumiNative to support the local talented producers. NFLX on December 3, 2021, reported first look collaboration with Antoine Fuqua for launching a new production company.
Conclusion
NFLX stock dipped 1.05% from the past six months period because of the slowing economic conditions due to the prevailing pandemic environment. The current premarket dip in the stock price is the outcome of the recent announcement by the company of its fourth-quarter financial results. The analysts are suggesting a strong bounce back from the company in view of its latest ventures.
