(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 morefrom Yahoo Finance’s Allie Canal. Hello, Allie.
I am Alexandra Canal, and I am glad to meet you. Wall Street analystswith this statement. In the eyes of Bank of America, Netflix has effectively won the streaming thanks to its global scale.
It is therefore expected that they will beground by the end of 2023. If you look at some of those metrics, you will find 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 revenue2024. There has already been momentum on the ad front in terms of results. The company says that the number of active users for its ad tier to 23 million per month.
In comparison to a couple of months ago, that’s an increase of eight million. In turn, Wells Fargocould translate into roughly nine to ten million new customers. I guess it’s not too bad considering that the ad tier is a relatively product, so this isn’t too bad.
According to the company itself, it would be a really slow start until we saw some of thatup in the near future.