All eyes were on Netflix, Inc.

2022-07-22

All eyes were on Netflix, Inc.(NASDAQ:NFLX) earlier this week ahead of its earnings release on Tuesday after the market close.

The analyst community was calling for earnings of $2.96 per share on revenue of $8.0 billion and for a 1.9 million drop in paid subscribers. This follows the 200,000 paying subscribers Netflix lost in the first quarter and its guidance for a two million loss in the second quarter.

The reason for the drop?

Experts cite inflation and competition from services like The Walt Disney Company’s (NYSE:DIS) Disney+ are to blame.

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Comments

Ztradee
2022-07-22
Ztradee
A squid from Korea will save them.
hh488
2022-07-22
hh488
Yet to make profit. [Sad]
Moolele
2022-07-22
Moolele
All eyes on EM? 😅
seejay
2022-07-22
seejay
i think not yet
Kelvink73
2022-07-22
Kelvink73
Netflix can make it
ykhoo
2022-07-22
ykhoo
Netflix gogo

Leave a comment

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