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TOP NEWS SUMMARY: Netflix viewer growth de-fanged by end of lockdown Wed, 21st Apr 2021 10:56 (Alliance News) - The following is a summary of top news stories Wednesday. COMPANIES Netflix kicked off the FAANGS earnings season with a whimper, shares tumbling after-hours on Tuesday and in the pre-market Wednesday, after the video streaming giant missed membership targets. Revenue for the first quarter of 2021 grew 24% year-on-year to USD7.16 billion from USD5.77 billion, while net income surged to USD1.71 billion from USD709 million. Earnings per share also jumped to USD3.75 from USD1.57. The revenue figure was in line with the firm s beginning of quarter forecast, it said, while operating profit and margin reached all-time highs, at USD1.96 billion and 27.4% respectively. However, Netflix said it finished the quarter with 208 million paid memberships, up 14% on a year ago but below its guidance of 210 million. Paid net additions of 4 million were below its 6 million guidance. Look

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