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Netflix is set to announce its third-quarter earnings after the market closes on Thursday. Investors will be closely watching for updates on the company’s advertising-supported business model, upcoming live sports events, and the impact of its recent crackdown on password sharing on subscriber numbers. This earnings report will be one of the last to include subscriber data, as Netflix shifts its focus to revenue and other financial metrics.
Wall Street analysts are expecting earnings per share of $5.12 and revenue of $9.76 billion for the quarter. Paid memberships are anticipated to be at 282.15 million. Subscriber growth is expected to remain flat as the effects of the password crackdown diminish, leading to speculation of potential price hikes in the near future.
Both New Street Research and Morgan Stanley analysts have mentioned the possibility of Netflix announcing price increases soon. The company’s stock has seen significant growth, up 44% year-to-date and around 95% over the past 12 months.
As the story develops, stay tuned for updates.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
