Netflix’s Q4 Earnings Focus On Subscriber Growth This Week

(CTN News) – Analysts say Netflix (NFLX) will report fourth-quarter earnings on Tuesday, January 23, and the streaming giant is well positioned due to its subscriber growth estimates.

Alexandra Canal of Yahoo Finance discusses Netflix’s 2024 growth strategy and earnings estimates.

You can watch this full episode of Yahoo Finance Live here for more expert insight and market updates.

Are you still watching, Brad? Netflix released its earnings on Tuesday. Even though growth has slowed over the past year, investors remain optimistic. Is Netflix’s original content push, password crackdowns, and pivoting global strategy enough to allay some of these fears? For more details, let’s hear from Yahoo Finance’s Allie Canal. Hello, Allie.

I am Alexandra Canal, and I am glad to meet you. Wall Street analysts are certainly in agreement with this statement. In the eyes of Bank of America, Netflix has effectively won the streaming wars thanks to its global scale.

It is therefore expected that they will be on pretty solid ground by the end of 2023. If you look at some of those metrics, you will find that the watch revenue is expected to reach $8.71 billion in the second quarter.

It is expected that all of this will lead to a significant increase in revenue by 2024. There has already been some pretty solid momentum on the ad front in terms of results. The company says that the number of active users for its ad tier has now increased to 23 million per month.

In comparison to a couple of months ago, that’s an increase of eight million. In turn, Wells Fargo said that this could translate into roughly nine to ten million new customers. I guess it’s not too bad considering that the ad tier is a relatively new product, so this isn’t too bad.

According to the company itself, it would be a really slow start until we saw some of that momentum starting to pick up in the near future.

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