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LOS ANGELES — Netflix is expected to report its third-quarter results after the closing bell on Thursday.
Wall Street will be paying close attention to the details surrounding the company’s ad-supported business model, upcoming live sporting events and the continued impact of password crackdowns on subscriber numbers.
After all, this is one of the last times Netflix will report its 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 most recent quarter:
- Earnings per share: $5.12, according to LSEG
- Income: $9.76 billion, according to LSEG
- Paid subscriptions: 282.15 million, according to StreetAccount
The number of active subscribers is expected to remain stable in the third quarter, as gains from the crackdown on password sharing begin to wane. This led some Wall Street analysts to predict that Netflix would announce price hikes soon.
New Street Research analyst Dan Salmon and Morgan Stanley analyst Benjamin Swinburne both noted expected price increase announcements in recent research notes to investors.
As of Wednesday’s close, the company’s stock was up 44% year to date and about 95% over the past 12 months.
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