To The Moon

Click to vote. Can you predict where $NFLX(NFLX)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$NFLX(NFLX)$ is scheduled to announce its Q3 earnings results after the stock market closes on Tuesday, 18 October 2022. Lets's guess where Netflix will move following their earnings? 🔙 Latest Results In the last reported quarter,Netflix reported EPS of $3.20, versus the consensus estimate of $2.96. Revenue grew 9% year-over-year to $7.97 billion, slightly below the consensus estimate of $8.03 billion.📒Netflix Q3 earnings consensus Wall Street forecasts that Netflix will report a 4.9% year-on-year rise in revenue to $7.849 billion in the third quarter. Net income at the bottom-line is expected to drop 19.9% to $1.052 billion. 💡Highlights of Netflix Q3 earnings preview For the first time in a long time, investors may not be focused on Netflix's subscriber growth, looking instead for details around the launch of a nascent ad-supported tier, which will provide a new revenue stream and may reignite user growth. Markets were wary when this plan was announced considering Netflix had repeatedly shunned the idea and claimed there was no ‘easy money’ to be made by venturing into the competitive world of advertising considering it is dominated by powerful players including Alphabet, Amazon and Meta. However, Disney announced that it was going to launch an ad-supported service back in March, when Netflix said ads did not feature in its plans, and this piled on more pressure. The opinion around Netflix’snewad-supported tier has improved recently and investors are starting to warm to the idea that it could not only revive subscriber growth but improve profitability. Though Netflix reiterated its 19-20% full-year operating-margin target, forex swings will hurt 3Q margin, likely trimming it to 16%. This is because 60% of revenue is in foreign currency, with almost all expenses dollar denominated. The company is reining in its content budget, suggesting substantial free cash flow growth in 2023, with consensus for $2 billion. For more information about Netflix Earnings Preview, please click here. Netflix's Q3 2022 earnings call will be held on Tuesday, October 18, 2022, at approximately at 3:00 p.m. Pacific Time. Click here to set a reminder 💰Activity Details Click to vote. Guess where $NFLX(NFLX)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins. Reply and forward this post, share your insights about Netflix's financial reports, we will give 100 Tiger Coins with outstanding comments. ⏰Event Time The deadline for this event is 21:00 on Tuesday, 19 October 2022 🔥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