Netflix is scheduled to report first-quarter earnings after the close of trading this afternoon.
As has become traditional, the live video streaming market leader is kicking off the technology’s earnings season. Netflix (ticker ticker: NFLX) expects modest growth, and Wall Street estimates are in line with guidance.
Investors will be excited to hear updates on both…
Netflix is scheduled to report first-quarter earnings after the close of trading this afternoon.
As has become traditional, the live video streaming market leader is kicking off the technology’s earnings season. Netflix (ticker ticker: NFLX) expects modest growth, and Wall Street estimates are in line with guidance.
Investors will be eager to hear updates on the progress of the company’s new ad-supported subscriber category, and its plans to crack down on password sharing. On the post-earnings conference call, analysts will likely ask questions about the company’s recent move to cut prices in smaller markets around the world.
Here’s what you need to know:
- March quarter guideRevenue: $8.2 billion, up 4%. Net income is $1.3 billion. Earnings per share of $2.82 per share. Operating income is $1.6 billion. Operating margin is 19.9%. Adds the net “positive” paid subscriber.
- March quarter consensus estimatesRevenue: $8.2 billion, according to FactSet. Earnings per share of $2.86 per share. Net paid subscriber additions 2.26 million.
- June quarter consensus estimatesRevenue: $8.5 billion. Net income is $1.4 billion. EPS is $3.07 a share. Net paid subscribers adds 3.7 billion.
- Noticeable: This will be the first quarter without founder Reed Hastings on the post-earnings call, having recently transitioned to CEO. The company has stopped providing specific forecasts for subscriber growth.
- communicate: will Netflix Stream their call earnings on YouTube Starting at 6 p.m. ET.
Write to Eric J. Savitz at [email protected]
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Kazuo Ishiguro is a contributor to OE Mag, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, accurate reporting and useful information that helps readers stay informed about current affairs and developments that matter to them. His work highlights relevant stories, emerging trends, and key issues, presenting them in a balanced, accessible, and reader-friendly way.