Netflix is expected to report strong earnings, with a focus on subscriber numbers and advertising.

From CNBC: 2024-10-17 12:18:26

Netflix is set to release third-quarter earnings, with a focus on its advertising-supported model, live sports events, and subscriber numbers impacted by password crackdown. Wall Street predicts earnings per share of $5.12, revenue of $9.76 billion, and 282.15 million paid memberships for the quarter.

Subscriber numbers are expected to remain flat due to the waning effects of the password crackdown, prompting predictions of upcoming price hikes by analysts such as Dan Salmon and Benjamin Swinburne. Netflix stock has seen significant gains, up 44% year to date and about 95% over the past 12 months. Stay tuned for updates on this developing story.



Read more at CNBC:: Netflix (NFLX) earnings Q3 2024