To The Moon

Click to vote. Guess how will $Netflix(NFLX)$ close Thursday 20/7 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $Netflix(NFLX)$ is set to post its Q2 2023 earnings after the market close on Wednesday. Its earnings results will be a critical parameter for market sentiment after a strong bull run of tech stocks in the first half of the year. Subscriber change is the most important part of Netflix’s earnings report, as it is the key aspect gauging the company’s growth prospects. Netflix's Q2 2023 earnings call will be held on 20 July 2023 at approximately at 8:00 SGT. To set a reminder, please click here 🔙 Latest Results In the first quarter, Netflix added 1.75 million new subscribers, in line with consensus but declining from 7.66 million the previous quarter. Netflix’s global users reached 232.5 million globally by the end of the first quarter. Earnings per share were $2.88, beating market expectations of $2.86, while revenue recorded at $8.16 billion, missing analyst estimates. Earnings and revenue projections disappointed after Netflix revealed it anticipates earning $2.84 per share on $8.24 billion in the second quarter, below Wall Street forecasts for earnings of $3.05 per share on $8.5 billion in revenue. 📒Netflix Q2 earnings consensus Analysts expect Netflix’s revenues to come in at $8.289 billion, marking year-over-year growth of about 4%. Adjusted earnings are likely to come in at about $2.9 per share, according to Bloomberg's unanimous expectations. The Netflix price target was raised to $495 from $470 at JPMorgan, with analysts maintaining an Overweight rating on the stock. They said the firm remains positive on the stock into its second-quarter earnings, with a paid sharing lift this year. "As a result, we are tweaking our 2Q net adds higher from 1.0M to 2.5M. Our 2.5M estimate is essentially in-line with Netflix's expectations for 2Q net adds 'roughly similar to 1Q,' which was 1.75M, & broader investor expectations for 3M+," the analysts added. "We now project net adds of 2.5M in 2Q, 6.75M in 3Q, & 10M in 4Q, bringing 2023 total net adds to 21M. More importantly, we’re modeling strong revenue acceleration from +6.4% FXN Y/Y in 2Q ($8.37B, guide of $8.24B) to +11.8% FXN Y/Y in 3Q ($8.95B), & to +19.1% FXN Y/Y in 4Q ($9.48B)." For more information about Netflix Earnings Preview, please click Netflix Earnings Preview: Will Streaming Giant Blow Away Expectations for Subscriber Growth? 💰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 will have the chance to win Tiger gifts . Make a post on the TOPIC page >> ⏰Event Duration The deadline for this event is 21:00 on 20th July 2023 🔥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