Netflix is scheduled to report first-quarter earnings after the close of trading this afternoon.
As has become tradition, the streaming video market leader kicks off tech earnings season. Netflix (ticker: NFLX ) expects modest growth, and Wall Street estimates are in line with guidance.
Investors will be keen to hear updates on both…
Netflix is scheduled to report first-quarter earnings after the close of trading this afternoon.
As has become tradition, the streaming video market leader kicks off tech earnings season. Netflix (ticker: NFLX ) expects modest growth, and Wall Street estimates are in line with guidance.
Investors are eager to hear updates on both the progress of the company’s new ad-supported subscriber tier and its plans for password sharing. In the post-earnings conference call, analysts may ask questions about the company’s latest move to cut prices in smaller markets around the world.
Here’s what you need to know:
- March quarter guidance: Revenue was $8.2 billion, up 4%. Net income was $1.3 billion. EPS $2.82 per share. Operating income was $1.6 billion. Operating margin was 19.9%. A “positive” charge adds a net subscriber.
- March Quarter Consensus Estimates: Revenue of $8.2 billion, according to FactSet. EPS was $2.86 per share. A net paid subscriber addition of 2.26 million.
- June Quarter Consensus Estimates: Revenue $8.5 billion. Net income was $1.4 billion. EPS $3.07 per share. Paid net subscriber adds 3.7 billion.
- Significant: This will be the first quarter without a post-earnings call since founder Reed Hastings recently moved into the role of executive chairman. The company has stopped providing specific subscriber growth forecasts.
- call: Netflix does Stream its earnings call on YouTube Starts at 6pm Eastern Time.
Eric J. Write to Savitz at [email protected]
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