Netflix Reports Earnings, Drops Subscriber Data
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Netflix reports first-quarter earnings Thursday, omitting subscriber data for the first time, focusing instead on revenue and other financial metrics. Despite market turmoil impacting other media companies, Netflix stock has risen recently. Analysts predict EPS of $5.71 and revenue of $10.51 billion. Investors will scrutinize the impact of tighter consumer spending and the performance of Netflix's ad-supported tier, which saw significant growth last quarter. The company plans to expand its ad business and invest in original content and live events.
Netflix reports first-quarter earnings Thursday, omitting subscriber data for the first time, focusing instead on revenue and other financial metrics. Despite market turmoil impacting other media companies, Netflix stock has risen recently. Analysts predict EPS of $5.71 and revenue of $10.51 billion. Investors will scrutinize the impact of tighter consumer spending and the performance of Netflix's ad-supported tier, which saw significant growth last quarter. The company plans to expand its ad business and invest in original content and live events.
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