NFLX: Netflix First-Quarter Earnings Coming Thursday. Here’s What to Expect.

Streaming giant is on deck to report after the bell and all eyes will be on subscriber growth.

Key Points:

• Netflix reports earnings Thursday.
• Revenue projected to rise 13%.
• Share price needs solid boost.
• Netflix NFLX is on deck to report first-quarter earnings on Thursday, after the closing bell. With share prices languishing around the flatline for the past month, can the data dump push the stock back on an upward trajectory? The streaming giant is expected to post revenue of $9.26 billion, up 13% from $8.16 billion in the year-ago quarter.
• Earnings per share on a diluted basis are projected to land at $4.68 a pop, up from $3.06 for the same time span last year. With that, analysts expect adjusted profits of $2.07 billion. The key metric — subscriber growth — is penciled in a wide range. Netflix projects the figure to be in the range of 1.8 million (what it added in Q1, 2023), and 13.1 million (the Q4 2023 gain).
• Expectations are running high. And knowing how volatile Netflix stock is, you might as well buckle up going into the time of reporting. In the long run, shares of the streaming platform have been on a tear — up about 80% over the past twelve months. Zoom further out, and you’ve got a 60% rise in a 5-year timeline, indicating that the streamer may be running out of steam.