When Netflix releases its profits, Wall Street anticipates the following
After the closing bell on Thursday, Netflix is scheduled to release its first-quarter financial report.
In the streaming space, the company’s success has been exceptional. While rivals find it difficult to make a profit, Netflix witnessed a 12% increase in income last year as its premium memberships began to grow once more.
Wall Street has the following expectations for the latest quarter of the company:
- Earnings per share: $4.52, according to LSEG
- Revenue: $9.28 billion, according to LSEG
- Total memberships: 264.21 million, according to Street Account
The streaming service is navigating its shift from prioritizing subscriber growth to profit as it increases prices, cracks down on password sharing, and offers an ad-supported tier in an effort to increase income. Investors want additional information regarding Netflix’s entry into the video game industry as well as indications that these initiatives are still having an impact.
Further information on Netflix’s collaboration with TKO Group Holdings to bring WWE to the platform may also be available. The business has hinted that it wants to increase the number of live sports options it offers.
The company’s stock was up 85% over the previous 12 months and 27% year to date as of Thursday morning.
