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Beijing time on April 19 morning news, Netflix will be Beijing time April 20Announced the first-quarter earnings report, foreign media is expected to show the slowest quarterly revenue growth in the past eight years. The focus, however, will be on the new season of hit shows, including “Stranger Things” and “Ozark.”

Netflix is ​​investing billions of dollars in more home-made movies and TV series, as well as developing mobile games, to attract more paying subscribers in the post-pandemic era. Meanwhile, the company is facing stiff competition from HBO Max, Amazon and Disney.

Some analysts predict that due to the withdrawal from the Russian market,Netflix could lose 1 million paying subscribers. Analysts expect Netflix to add 2.6 million paid subscribers in the first quarter and 2.7 million in a seasonally weak second quarter, according to Refinitiv data. This is lower than the average paying user growth during the peak of the epidemic.

Analysts said the growth in Netflix’s paying subscribers will come mainly from growing regions, where Netflix has aggressively cut prices. And in the U.S. and Canada, Netflix has hiked prices, which will bring in money to produce new content.

Dan Morgan, senior investment manager at Synovus Trust, said: “It’s hard for most investors to see that there are catalysts for Netflix’s net growth to re-accelerate significantly in fiscal 2023 and beyond.”

Netflix has acquired three game studios in an effort to diversify revenue streams. However, analysts believe thatThe move won’t bring a big jump in performance anytime soon.

Morningstar analyst Neil Macker (Neil Macker) said: “We do not believe that users will see gaming as a major feature.” Netflix’s move is only “diversified” focus on the core business.

Currently,Netflix’s strongest challenger is Disney’s Disney+. The service went live in late 2019 and is expected to attract 230 million to 260 million paying users over the next two years. Other video platforms such as HBO Max, Apple TV+ and Amazon Prime also saw notable increases in paying subscribers.

Apple has become the first Internet video service to win an Academy Award for Best Picture with CODA, despite Netflix’s previous Oscar nominations.

Here are the highlights of analysts’ forecasts for Netflix’s first-quarter results:

  • Analysts expect Netflix’s first-quarter revenue to rise 10.7% to $7.93 billion.

  • Earnings per share are expected to be $2.90.

  • Netflix shares, down 43.4% this year, are the worst performers among the tech giants’ FAANG stock.

  • Of the 46 Wall Street analysts, 25 rate Netflix stock a “buy” or better, 18 have a “hold” rating and three have a “sell” rating or lower.

  • Analysts had a median price target of $500, compared with $700 ahead of the fourth-quarter earnings report. Netflix is ​​currently trading at $334.17.

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