From Nasdaq: 2024-04-15 10:58:16

Netflix is set to release its Q1 earnings report on April 18. Despite recent subscriber losses, the streaming giant has performed well. Analysts expect a 13% revenue growth in Q1, with estimates of adding 4.88 million subscribers. Netflix aims for significant long-term growth, with a mean target price of $609.56.
Netflix has defied analyst pessimism by consistently impressing in recent quarters. The company is expected to show growth in earnings, driven by rising subscriber numbers, strong pricing, and cost cuts. Analysts forecast a 25% CAGR in earnings from 2024 to 2028, with a bullish outlook on its ad revenue business.



Read more at Nasdaq: Netflix Q1 Earnings Preview: Can the Streaming Giant Continue to Impress?