Real Money’s Eric Jhonsa covers Netflix’s fourth-quarter earnings report and video interview with management.
Like many other high-growth companies, markets have been harsh to Netflix over the last three months: The streaming giant’s shares are down 20% since it posted better-than-expected subscriber numbers in its Oct. 19 Q3 shareholder letter.
Bulls are hoping Netflix will top expectations again when it posts its Q4 letter on Thursday afternoon. Among analysts polled by FactSet, the consensus is for Netflix to report 8.2 million paid subscriber net adds for the seasonally big fourth quarter (a little below its guidance of 8.5 million), and to guide for 5.8 million first-quarter net adds.
Netflix’s fourth-quarter revenue consensus stands at $7.71 billion (16% annual growth), while its GAAP EPS consensus stands at $0.83. However, the company’s subscriber figures typically have a much bigger impact on how its stock moves post-earnings.
Eric Jhonsa, Real Money’s tech columnist, will be live-blogging Netflix’s Q4 letter, which is expected after the bell on Thursday, along with a “video interview” with management that’s set to become available at 6 P.M. Eastern Time. Please refresh your browser for updates.
3:53 PM ET: The FactSet consensus is for Netflix to report 8.23M Q4 paid net subscriber adds (compares with guidance of 8.5M) and to guide for 5.81M Q1 net adds.
3:52 PM ET: Hi, this is Eric Jhonsa. I’ll be live-blogging Netflix’s Q4 report and video interview.
