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Los Angeles– Netflix The company will report third-quarter earnings after the market close on Thursday.
Wall Street will be closely watching details such as the company’s ad-supported business model, upcoming live sports events and the continued impact of the password crackdown on user numbers.
After all, this is one of the last times Netflix will report user data to shareholders as it plans to focus on revenue and other financial metrics as performance indicators.
Here’s what Wall Street expected for the company’s most recent quarter:
- Earnings per share: $5.12, according to LSEG
- income: $9.76 billion, according to LSEG
- Paid membership: According to StreetAccount, 282.15 million
The number of active users is expected to be flat in the third quarter as gains from crackdowns on password sharing begin to taper off. This has led some Wall Street analysts to predict that Netflix will soon announce a price increase.
New Street Research analyst Dan Salmon and Morgan Stanley analyst Benjamin Swinburne both noted the anticipated price increase announcement in recent research notes to investors.
The company’s shares were up 44% year to date as of Wednesday’s close and about 95% over the past 12 months.
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