Netflix is set to report earnings – here's what Wall Street expects

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Netflix’s main focus recently has been on juicing profits, not necessarily its subscriber count.

The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price hikes, password crackdowns and ad-supported tiers to boost revenue.

Further complicating matters are production delays resulting from a nearly 150-day writers strike that wrapped up in September and an ongoing actors strike that threatens to prevent and postpone production through the new year.Investors will be looking to hear from the company's executives about how Netflix will grapple with these headwinds and for a status report on its ad tier.

Additionally, they have signaled that operating margins will grow more gradually going forward as it invests in more growth opportunities. It's been less than six months since Netflix instituted its password crackdown, so it's unclear what impact that initiative has had for the company and how much executives will share.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix is set to report earnings – here's what Wall Street expectsNetflix's main focus recently has been on juicing profits, not necessarily its subscriber count.
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley Profit Tops Wall Street Expectations Amid 'Mixed' Market EnvironmentThird-quarter profit at the investment bank slides 8% to $2.4 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »