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Los Angeles – Netflix is scheduled to report third-quarter results after Thursday’s closing bell.
Wall Street will be paying close attention to details about the company’s advertising-driven business model, upcoming live sporting events and the further effects of password cracking on subscriber numbers.
After all, this is one of the last times Netflix will report subscriber data to shareholders as it plans to focus on revenue and other financial metrics as performance indicators.
Here’s what Wall Street expects for the company’s final quarter:
- Earnings per share: $5.12, according to LSEG
- Income: According to LSEG, it amounts to $9.76 billion
- Paid membership: According to StreetAccount, 282.15 million
Active subscriber numbers are expected to remain flat in the third quarter as the gains from restricting password sharing begin to fade. That led some Wall Street analysts to predict Netflix would soon announce price increases.
New Street Research analyst Dan Salmon and Morgan Stanley analyst Benjamin Swinburne noted announcements of expected price increases in recent research notes to investors.
As of Wednesday’s close, the company’s shares are up 44% year-to-date and about 95% over the past 12 months.
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