Real Money’s Eric Jhonsa covers Netflix’s second-quarter earnings report and video interview with management.
Though rallying over the last few days, Netflix’s stock is still down more than 65% on the year, thanks to post-earnings plunges and broader market weakness.
Bulls are hoping the streaming giant’s numbers will be better than feared this time around, as it delivers its second-quarter earnings report on Tuesday. Also, many investors are hoping for more details about Netflix’s plans to cut costs, crack down on password-sharing and launch an ad-supported service.
Among analysts polled by FactSet, the consensus is for Netflix to report Q2 revenue of $8.03 billion (up 9% annually) and GAAP EPS of $2.95 (down 1%). However, the company’s subscriber figures tend to have a bigger impact on how its stock moves post-earnings.
Netflix guided in April for its paid streaming subscriber count to decline by 2 million sequentially in Q2 to 219.64 million, an outlook that roughly matches the FactSet consensus. For Q3, the consensus is for Netflix’s paid subs to grow by 1.41 million sequentially.
Eric Jhonsa, Real Money’s tech columnist, will be live-blogging Netflix’s report, which is due after Tuesday’s close, 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.)
3:46 PM ET: Hi, this is Eric Jhonsa. I’ll be live-blogging Netflix’s Q2 report and video interview.
