Netflix Q1 Results Preview
Netflix (NASDAQ: NFLX) will announce its first-quarter earnings after the market closes on Thursday. The company is expected to report $12.17 billion in revenue, marking a 15% year-over-year increase, alongside earnings of $0.76 per share, a 13% rise from the previous year.
Recent developments include Netflix’s price increase for U.S. subscribers, implemented on March 26, which could positively impact future earnings. The streaming giant also received a $2.8 billion termination fee following its canceled acquisition of Warner Bros. Discovery.
With Netflix’s stock having increased over three years but only modestly up 14% in the last year, investor sentiment remains cautious as they await the quarterly results, particularly after mixed performances in earlier earnings reports.
