“`html
Netflix Q3 Update Scheduled
Netflix (NASDAQ: NFLX) is set to announce its third-quarter results on Tuesday afternoon, aiming for continued growth after a 17% revenue increase to $11.5 billion is anticipated. Profitability is also projected to rise by 29% to $6.97 per share for the period ending in September.
Market Expectations and Previous Performance
Despite a strong second-quarter performance in July, which included a 16% revenue growth, Netflix’s stock fell by 5% the following trading day, breaking two winning streaks. Its shares have increased by 74% over the past year, but market expectations remain high heading into the Q3 report.
Potential Price Hike Considerations
Analysts are also watching for indications of possible price increases following Disney’s recent subscription hikes. Netflix last raised its prices in January, and a significant earnings report could prompt discussions of a stock split, which hasn’t occurred since 2015.
“`
