Netflix Inc is expected to report its slow growth in quarterly revenue for nearly eight years on Tuesday, but will focus on its predictions in preparing for new seasons of popular titles including “Unknown Things” and “Ozark”.
The company spends billions to deliver original content
The company spends billions to deliver original films and TV shows, as well as create mobile games in an effort to add subscribers to the post-epidemic world as it faces competition from HBO Max, Amazon.com Inc and Walt Disney.
Netflix may lose one million subscribers
Netflix could lose about a million subscribers due to its departure from Russia, analysts have indicated. subscribers added at the time of the outbreak of the epidemic.
Analysts say the company’s subscription growth will come from developing regions where it has lowered prices, while rising prices in the United States and Canada will support new content.”In the long run, most investors are struggling to see the momentum of inflation on FY23 or otherwise,” said Dan Morgan, Senior Portfolio Manager at Synovus Trust.
Netflix’s main business
Netflix has purchased three gaming studios to split revenue streams, but analysts do not expect a major collision in the near future. he said, adding effort is a “hindrance” to its core business.
Netflix’s biggest challenge is Disney +, launched in late 2019 and expects to have about 230 to 260 million subscribers over the next two years. Platforms such as HBO Max, Apple TV + and Amazon Prime have also seen significant growth in subscribers. – “CODA”.
Netflix revenue for the first quarter
Analysts estimate that Netflix’s first-quarter revenue will grow 10.7% to $ 7.93 billion if it reports results on April 19. Profit per share is estimated at $ 2.90. Stocks have lost 43.4% of their value this year, making it stock -FAANG very effective.25 out of 46 analysts rate stock “buy” or more, while 18 rate “hold” and three rate “sell” or less.The average price is $ 500; before the Q4 profit of PT stock was $ 700.NFLX trades at $ 334.17 at present.
