[Stock Prediction] How will NFLX close Friday 18/10 following their earnings?

Tiger_Earnings
10-14

Click to vote. Guess how $Netflix(NFLX)$ will close on Friday, October 18, following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

$Netflix(NFLX)$ is set to share its financial performance for the second quarter of 2024 after the bell on Thursday, Oct. 17, 2024.Netflix's Q3 revenue is expected to be $9.77 billion, rising 14.37% compared to the last year. Net income grew to $2.24 billion, or $5.16 per share, according to Bloomberg's consensus expectation. Yet new additions are expected to be 4.27 million, 51.3% lower compared to the same period last year.

Subscriber growth remains a key metric that could influence the market’s reaction to Netflix’s Q3 results. Netflix net additions are to be sequentially lower in Q3. It is estimated that net streaming subscriber additions would be 4.27 million in 3Q vs. 2Q's blowout with 8.05 million, which got a bump from the password crackdown.

For more information about Netflix‘ Earnings Preview, please click Netflix Earnings Preview: Double-Digit Revenue Growth Is Expected, While Subscriber Additions May Slow

Netflix's earnings call will be held on 18 October 2024 at approximately at 04:45 SGT. To set a reminder, please click here

💰Event Details

  • Click to vote. Guess where $Netflix(NFLX)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

  • For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.

  • Reply and forward this post, share your insights about Netflix's financial reports, and you have a chance to win USD 5 stock voucher

⏰Event Duration

  • From 14 October 2024 to 18 October 2024 at 04:00 SGT

🔥Don't forget to follow @Tiger_Earnings, Tiger's official account for providing key information during earnings season 📖📖📖

📖 For a beginner's guide to financial statements, click here.

How will NFLX close Friday 18/10 following their earnings?(Maximum1 votes)
  • Very Green (more than 10%)(4 votes)
  • Green (5% to 10%)(18 votes)
  • Flat (-5% to 5%)(15 votes)
  • Red (-10% to-5%)(13 votes)
  • Very Red (below-10%)(4 votes)
Earnings Season: Which Companies Are You Following?
AI bolsters Microsoft's Q3 Azure revenue, which increased by over 30%, but a slowdown in growth is expected for Q4 along with increased AI spending. Meta's revenue slightly exceeded expectations, but AI losses worsened, with warnings of substantial future increases, and a significant rise in capital expenditures is anticipated next year. -------------- How do you view the two giants' earnings? Will you buy the dip as Microsoft dips to $400?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
12