Netflix expectations
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 23 January 2024
⏱️ 8 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, January 23rd. I'm Julie Morgan. |
| 0:13.6 | Netflix is expected to report a double-digit rise in revenue. |
| 0:17.7 | The SEC gives more info about its ex-account hack and United Airlines rallies after an earnings beat. |
| 0:25.8 | Netflix is expected to post an 11% rise in fourth quarter revenue today, |
| 0:30.6 | with investors focusing on subscriber growth and the advertising |
| 0:34.4 | supported tier. The company launched its ad supporter plan in November of |
| 0:38.7 | 2022. Netflix disclosed earlier this month that it surpassed 23 million subscribers for that plan, |
| 0:46.0 | up from 15 million in November. |
| 0:49.0 | Oppenheimer noted that it's possible that Netflix ends the year with 51 million ad supported subscribers. |
| 0:56.0 | According to Evercore, Netflix is expected to add 8.2 million global streaming subscribers for the fourth quarter compared to 8.76 million in the |
| 1:05.5 | preceding quarter. Along with a crackdown on password sharing Netflix is also |
| 1:10.3 | exploring other avenues to grow its revenue. |
| 1:13.2 | Earlier in October, the company said it is looking at a price increase in the US, UK, and France. |
| 1:19.8 | Wall Street expects Netflix to post a revenue of 8.71 billion thanks to its content like |
| 1:25.9 | The Crown, Maestro, and its docu series, Beckham. Earnings per share is expected to be $2.23 for the quarter. |
| 1:34.6 | Over the last year, Netflix has beaten EPS estimates 100% of the time, |
| 1:39.7 | and has beaten revenue estimates 50% of the time. Seeking Alpha and Wall Street analysts |
| 1:45.3 | are bullish on the stock and see it as a buy. NFLX gained more than 30% in the last |
| 1:51.6 | year. However, some analysts believe that subscriber growth might slow down by the second half of the year. |
| 1:58.0 | Citi pointed out that higher cash content costs is another thing to look out for with a company going forward. |
| 2:04.6 | Seeking Alpha's Quant rating is also cautious and considers the stock a hold. |
... |
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