![]() ![]() This marked the second time it has done so during the pandemic, which led to massive subscriber growth until the recent slowdown. The strategy has worked, allowing Netflix to flex its muscle with timely price increases, including recently when the company announced plans to raise its rates for streaming subscriptions in the U.S. Netflix has shown a willingness to re-evaluate its market position, along with its content spending approach to make the necessary adjustments to remain competitive. For the full year, Netflix’s earnings are projected to increase 76.6% year over year to $10.74 per share, while full-year revenue of $29.7 billion would mark an increase of 18.8% year over year. This compares to the year-ago quarter when earnings were $1.19 per share on $6.64 billion in revenue. The company, however, must allay growth uncertainties on Thursday by beating on the top and bottom lines and guiding confidently.įor the quarter that ended December, Wall Street expects Netflix to earn 82 cents per share on revenue of $7.71 billion. Nevertheless, with more than 210 million global paid subscribers, Netflix is by far the industry’s king of streaming, ahead of recent streamers such as Disney, HBO Max ( T) and Apple TV+ ( AAPL). Pundits have countered that argument by pointing to the company’s own Q4 guidance when Netflix forecasted Q4 revenue of $7.71 billion and net subscriber additions of 8.5 million, calling for respective growth of 0.4% and +2.2% above market expectations. Track Cerberus Cyber Sentinel Corp (CISO) Stock Price, Quote, latest community messages, chart, news and other stock related information. The question is, how quickly can investment turn into profits? That question was answered in the most recent quarter when the company delivered an 83% growth in profit on only 16% rise in revenue, suggesting the company can grow its profits meaningfully in the long run as long as subscriber growth continues at a solid rate. The success of content such as Squid Game, which was reported to be the most-watched Netflix content of all time, underscores how well the company can pick winners. ![]() That said, Netflix has tons of cash and will spend almost $14 billion on content to continue growing its subscribers. ![]()
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