Netflix's Shift: What to Expect from Q3 Earnings

Los Angeles, USAThu Oct 17 2024
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Netflix is gearing up to share its third-quarter earnings, and investors are eager to dive into the details. The streaming giant has been making some big changes, like introducing an ad-supported plan and diving into live sports. But what everyone really wants to know is how the company's password crackdown is affecting subscriber numbers. This might be one of the last times we see subscriber data, as Netflix plans to focus more on revenue and financial metrics in the future.
Analysts are expecting some interesting numbers. They think earnings per share could hit $5. 12, with revenue coming in at around $9. 76 billion. As for subscribers, they're predicting a flat quarter, which could mean price hikes are on the horizon. Some analysts, like Dan Salmon from New Street Research and Benjamin Swinburne from Morgan Stanley, have even hinted at possible price increases in their recent notes. Netflix's stock has been on a roll, up 44% so far this year and around 95% over the past 12 months. But with all these changes, will the company continue to impress investors? It's a waiting game as we anticipate the official announcement.
https://localnews.ai/article/netflixs-shift-what-to-expect-from-q3-earnings-541d54df

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