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Angel – Netflix The company will report first-quarter earnings after the market close on Thursday.
The company’s performance has been an anomaly in the streaming space. Even as rivals struggle to turn a profit, Netflix’s revenue grew 12% last year as the number of paying members grew again.
Here’s what Wall Street expected for the company’s most recent quarter:
- Earnings per share: $4.52, according to LSEG
- Revenue: $9.28 billion, according to LSEG
- According to Street Account statistics, total number of members: 264.21 million
The streaming company is shifting from a focus on user growth to a focus on profits, boosting revenue by raising prices, cracking down on password sharing and ad-supported tiers. Investors are looking for signs that those efforts are still boosting Netflix and seeking more details about the company’s push into video games.
Netflix can also gain a deeper understanding of its relationship with Tseung Kwan O Group Holdings Bringing WWE to this platform. The company has said it wants to expand its live sports service.
As of Thursday morning, the company’s shares were up 27% year to date and about 85% over the past 12 months.
This is a breaking news story. Please check back for updates.
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