LIVE: Netflix reports its earnings
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Wall Street is expecting the video streaming company to deliver results that are roughly in line with the guidance Netflix provided back in July.
Here are the key numbers:
- Q3 EPS (GAAP): Wall Street forecasts of $0.06, a penny above Netflix's guidance of $0.05.
- Q3 Revenue: Wall Street forecasts of $2.28 billion, up 31% year-over-year.
- Q3 US subscriber growth (net additions): Wall Street forecasts 304,000 compared to Netflix guidance of 300,000.
- Q3 international subscriber growth (net additions): Wall Street forecasts 2.0 million, in line with Netflix's guidance.
- Q4 subscriber growth guidance (domestic): Wall Street forecasts of 1.0 million.
- Q4 subscriber growth guidance (international): Wall Street forecasts of 3.1 million.
One area of concern for Wall Street analysts is the continued rollout of Netflix's US price hike, which the company has termed "un-grandfathering." That price hike will likely reached its peak effect in Q3, according to Morgan Stanley. The question is what effect that has had on domestic subscriber growth.
Internationally, there is also some doubt on Wall Street as to how Netflix has fared in "skim" markets, where Netflix doesn't have local language support, and where a high percentage of the population doesn't speak English.
We'll be updating this post as soon as the numbers come out and during the conference call with all the latest info, so hit refresh or click here.
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