Netflix Q3 Earnings Preview: Price Hike Rumors, 'Squid Game,' 'Grand Theft Auto' Video Game Buzz And Live Sports
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) is set to report Q3 financial results, with analysts expecting revenue of $8.537 billion, an increase from $7.926 billion in the same quarter last year. The company has missed revenue estimates in five of the last seven quarters. Earnings per share are expected to be $3.47, up from last year’s $3.10. Analysts are watching for password sharing, advertising, margins, video games, sports and artificial intelligence. Netflix has also held discussions with Take-Two Interactive Software (NASDAQ:TTWO) about licensing a game from the “Grand Theft Auto” franchise.
October 17, 2023 | 7:36 pm
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Netflix is expected to report increased revenue and earnings per share for Q3. The company's future plans for video games and sports could impact its growth.
Netflix's expected increase in revenue and earnings per share indicates a positive financial performance. The company's plans to expand into video games and sports could potentially drive further growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Netflix has held discussions with Take-Two Interactive Software about licensing a game from the “Grand Theft Auto” franchise.
If Netflix licenses a game from the “Grand Theft Auto” franchise, it could potentially increase the popularity and revenue of Take-Two Interactive Software.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50