Netflix Analysts Expect Subscriber Boost with Password Crackdown and Potential Price Hike
Portfolio Pulse from Anusuya Lahiri
Netflix, Inc. (NASDAQ:NFLX) is expected to have boosted its subscriber count by about 6 million in Q3 due to its crackdown on password-sharing. Analysts predict that the company may increase its prices when it reports earnings. Netflix is also expected to double its ad-supported viewership next year and increase ad frequency. The ad tier is projected to bring in $188.1 million in Q3 revenue with 2.8 million subscriber additions. NFLX shares traded higher by 1.10% at $359.58.
October 16, 2023 | 3:16 pm
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POSITIVE IMPACT
Netflix's crackdown on password-sharing and potential price hike could have boosted its Q3 subscribers and revenues. The company's ad-supported viewership is also expected to double next year.
The crackdown on password-sharing likely led to an increase in Netflix's subscriber count, which could positively impact its stock price. The potential price hike and increase in ad-supported viewership could also boost the company's revenues, further supporting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Disney was mentioned in the context of having previously increased its prices, unlike Netflix.
Disney was only mentioned passively in the context of having previously increased its prices, unlike Netflix. This information does not have a direct impact on Disney's stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20