LIVE: Netflix reports Q3 earnings as Wall Street braces for another miss on subscriber growth (NFLX)

Business Insider Entertainment 1 month ago

Netflix reports earnings for its third quarter today after the markets close.

Wall Street is bracing for another miss on subscriber growth, after Netflix posted, during the previous, quarter paid subscriber additions that were far below its forecasts.

The streaming company said it expects to add 7 million subscribers during the third quarter to reach nearly 159 million worldwide. But the consensus of analysts surveyed by Bloomberg estimates that Netflix's subscriber growth will come in just below the company's guidance, held back by weakness internationally.

Netflix blamed its bad second quarter, in part, on a content slate that failed to deliver. This quarter, it ramped up releases with new seasons of shows like "Stranger Things," "La Casa de Papel (Money Heist)," and "Orange Is the New Black."

The third quarter is Netflix's last full period before a rush of new rivals hit the market, starting in November with Apple TV Plus and Disney Plus.

Investors will be looking for strong guidance going into the fourth quarter, when Netflix will release long-awaited feature films like "The Irishman" and "Six Underground," as well as new episodes for popular returning series like "The Crown." They'll also want to see how Netflix addresses its forthcoming competition on the earnings call.

Here are the key numbers to watch in Netflix's Q3 earnings:

Source link
Read also:
Business Insider › Entertainment › 2 months ago
Netflix's international subscriber growth may be back on track, according to exclusive data from mobile analytics firm SimilarWeb. A slump in subscriber growth sent shares spiraling last quarter. International daily active users on the Netflix app rose...
Business Insider › Finance › 1 month ago
Shares of Netflix rose as much as 11% in post-market trading after the company reported international new subscriber additions in the third quarter that beat Wall Street forecasts. The streaming giant also reported US subscriber additions that were in...
Business Insider › Finance › 2 months ago
Netflix has much to prove in its upcoming third-quarter earnings report as it looks to impress investors before facing increased competition. Goldman Sachs expects subscriber growth to fall "modestly below guidance," and UBS noted weak international...
Business Insider › Entertainment › 1 month ago
All eyes are on Netflix this week as the company prepares to report earnings for the third quarter on Wednesday. The streaming giant missed forecasts for subscriber growth during the second quarter, and its stock has taken a beating since. Investors...
Breitbart › Technology › 1 month ago
Netflix saw disappointing domestic subscriber growth for the third quarter, signaling rougher waters ahead as the streaming giant braces itself for competition from the Walt Disney Company and Apple. This is the second straight quarter in which Netflix...
Business Insider › Finance › 1 month ago
One of the most-watched metrics for Netflix investors is the streaming giant's quarterly subscriber additions and guidance. Tucked away in the bottom of the company's most recent letter to shareholders, Netflix announced it planned to change how it...
Business Insider › Entertainment › 1 month ago
Netflix's third-quarter earnings on Wednesday alleviated some fears that the streaming company might be floundering just as new rivals like Disney Plus and Apple TV Plus were set to launch. Strong international growth signaled that Netflix was still...
Business Insider › Entertainment › 4 days ago
Next year will be a defining one for Netflix, which will face more competition than ever from formidable media and tech titans like Disney, Apple, and WarnerMedia. The streaming service will have to prove that its business model, which relies entirely...
Business Insider › Finance › 1 month ago
The market rewarded Netflix on Thursday for demonstrating it can still grow its business on a global basis and beat earnings forecasts. The company reported international subscribers additions that came in ahead of estimates, while gross margins and...
ABC News › Finance › 1 month ago
Netflix subscriber growth fall below management projections for 2nd consecutive quarter with tougher competition still looming
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google