Netflix Inc is navigating a transition from focusing on subscriber growth to maximizing earnings through price hikes, an ad-supported service and a crackdown on shared accounts in a post-COVID world. It has little choice amid a torrent of competition from some of the world’s biggest media companies.
Revenue: The FactSet consensus is for $8.54 billion in revenue, up from $7.93 billion a year earlier. The stock is down 41% from its pandemic-era all-time closing high of $610.34 on June 30, 2021. Shares of Netflix have advanced 21% so far this year, while the broader S&P 500 index SPX is up 14%.
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