Netflix is scheduled to report earnings after the closing bell Monday.
The streaming giant is expected to post modest growth at home in the US, and even more from abroad.
Shares of Netflix rose 2.6% Monday morning ahead of its scheduled fourth quarter earnings report after the closing bell, signaling investor confidence in the streaming giant.
Wall Street analysts polled by Bloomberg expect Netflix to report earnings of $0.504 per share on revenue of $3.277 billion.
Netflix has been growing faster internationally than in the US in recent quarters. It’s expected to add 1.29 million domestic streaming subscribers and 5.05 million internationally, according to estimates compiled by Bloomberg. But this quarter will be a test, as more and more competitors — the largest being Disney — announce competing streaming platforms and remove their content from Netflix.
“Growth in older markets appears to be plateauing albeit sustaining at a very high level,” UBS analyst Eric Sheridan said last week. “With Netflix’s price increase going into effect in Q4, sub momentum (in the form of both gross adds & any resulting impact on churn) can be viewed as supportive of the platform’s pricing power.”
The growth has been fueled by mega-hits like Netflix original “Stranger Things …read more
Source:: Businessinsider – Technology