Real Money’s Eric Jhonsa covers Netflix’s first-quarter earnings report and video interview with management.
Netflix’s stock is down more than 40% year-to-date, stung by both worries about slowing subscriber growth and a broader tech-stock selloff.
As a result, investor expectations don’t look particularly high ahead of the streaming giant’s latest earnings report.
Among analysts polled by FactSet, the consensus is for Netflix to report first-quarter revenue of $7.93 billion (up 11% annually), GAAP EPS of $2.90 and – most importantly, given how much subscriber figures determine how Netflix’s stock moves post-earnings – 2.5 million paid net streaming subscriber adds.
Netflix issues quarterly sales guidance within its shareholder letters. For the second quarter, Netflix’s paid net add consensus stands at 2.55 million.
Eric Jhonsa, Real Money’s tech columnist, will be live-blogging Netflix’s report, which is expected after the close on Tuesday, along with a “video interview” with management that’s scheduled to become available at 6 P.M. Eastern Time. Please refresh your browser for updates.
3:48 PM ET: Hi, this is Eric Jhonsa. I’ll be live-blogging Netflix’s earnings report (shareholder letter) and video interview.
