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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