Netflix shares set to move on price hikes, ad tier updates
Netflix, all-sessions on IG, could be active when the streaming giant updates investors on potentially more price hikes, ad-supported offerings and password sharing. IGTV financial analyst @AngelineOng reports.
(Video Transcript)
Six million new streamers boost Netflix's earnings
Keeping an eye on streaming giant Netflix for you ahead of its earnings. The street is watching out for earnings of $3.49 per share to be compared with $3.10 last year. Revenue is also expected to rise to $8.5 billion.
As ever, the number of new net subscribers is equally important to investors. Six million new streamers are expected and the crackdown of password sharing may have also helped Netflix in achieving its targets.
And ADTEA is expected to bring in some $188 million in revenues in the third quarter, says Visible Alpha. Plus, any comments on how the strikes at Hollywood have affected Netflix numbers will be interesting too. Netflix is expected to have weathered the strike storm well.
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