Wall Street anticipates Netflix's earnings report.
- Netflix is set to report first-quarter earnings after the bell Thursday.
- The platform has prioritized revenue generation by increasing prices, enforcing strict password policies, and expanding its advertising-based service.
- Wall Street expects total subscribers grew again during the quarter.
After the closing bell on Thursday, Los Angeles will release its first-quarter earnings report.
Netflix's revenue grew by 12% last year, despite the struggles of its streaming competitors to make profits.
Here's what Wall Street expects for the company's most recent quarter:
- Earnings per share: $4.52, according to LSEG
- Revenue: $9.28 billion, according to LSEG
- Total memberships: 264.21 million, according to Street Account
Netflix is shifting its focus from subscriber growth to profit, through measures such as price increases, password sharing restrictions, and an ad-supported tier. Investors are monitoring the effectiveness of these strategies and seeking additional information about Netflix's entry into the video game industry.
Netflix could reveal more details about its collaboration with to offer WWE on the platform. The company has hinted at plans to expand its live sports content.
The company's stock had increased by 27% year-to-date and 85% over the past 12 months as of Thursday morning.
This is a breaking news story. Please check back for updates.
Business News
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