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Wall Street Breakfast

Netflix in spotlight as earnings rev up

Wall Street Breakfast

Seeking Alpha

News, Business News, Investing, Business

4.11K Ratings

🗓️ 13 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Netflix's crackdown on password sharing is expected to help user numbers. (0:18) September retail sales expected to rise. (2:27) Warren Buffett buys more SiriusXM. (3:47)

Show Notes
Long high-end spending and short low-end spending
Earnings Calendar
Dividend Roundup

Episode transcripts: seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events,

0:11.1

along with the weekend's top news and analysis.

0:14.0

Hello today is Sunday October 13th and I'm your host Kim Kahn.

0:18.0

Big name earnings will dominate sentiment this week and streaming aficionados like me

0:22.3

will be watching Netflix.

0:23.4

Shares are up nearly 50% year to date more than doubling the return of the broader

0:27.6

market so expectations will be high when numbers hit on Thursday.

0:30.8

Netflix is forecast to report revenue of $9.76 billion, EPS of $5.11, and an adjusted operating

0:39.0

margin of 27.7 percent.

0:42.0

Subscriber growth is still key with analysts forecasting nearly 286 million active subscribers by

0:47.1

quarter's end, a net increase of about 4.2 million from the previous quarter.

0:52.0

That growth is partly attributed to

0:53.4

Netflix's successful crackdown on password sharing. While most analysts maintain

0:58.0

a bullish outlook, some express caution.

1:00.3

Barclays recently

1:05.0

city analysts questioned the company's ability to achieve $25 earnings per share in 2025

1:11.0

as some bulls predict.

1:12.0

Oppenheimer said the company remains the in 2025 as some Bulls predict.

1:13.0

Oppenheimer said the company remains the dominant streaming platform and maintains the largest

1:17.9

market share of US TV viewership.

1:20.4

The firm Belize Netflix's initiatives such as password sharing rules, advertising, and

1:25.2

optimizing subscriber plan choices will drive subscriber growth and average revenue per membership,

...

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