Netflix’s earnings reports today. Here’s what you need to know.

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.
See also  Israel-Hamas war escalates in Gaza crisis: live updates

Eric J. Write to Savitz at [email protected]

Advertisement – Scroll to continue

Leave a Reply

Your email address will not be published. Required fields are marked *