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Netflix (NFLX) earnings Q1 2022

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Netflix has expanded its efforts in mobile gaming.

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NetflixAfter the bell, Tuesday will see its quarterly earnings release. Shares of the company have fallen more than 40% in 2022 as it struggles to maintain subscriber growth and pandemic restrictions.

This is what Wall Street wants:

  • EPS: According to a Refinitiv survey, $2.89 was the average price for analysts.
  • Revenue: Refinitiv’s survey of analysts found that $7.93 trillion was the current market.
  • Paid net subscriptions worldwide: 2.73 million, according to StreetAccount estimates.

Netflix stated previously to shareholders that the company expected 2.5 million new subscribers in its first quarter. Analysts expect that this number will rise to close to 2.7million. This would be a marked decrease from the 3.98million added in the same time frame 2021.

The hyper-concentration of investors on finding new customers to pay is a sign that they are focusing too much. led Netflix shares to plummet 20% after the company’s last earnings report in January. In addition to weaker-than-forecasted fourth-quarter subscriber gains, company executives quietly admitted that competition from other streaming platformsIt had a detrimental effect on its growth.

Netflix increased its content expenditure, especially for originals, in stark competition. It has raised the prices for its streaming service to pay for this. Investors and analysts are curious about what Netflix can do for revenue growth.

This is important breaking news. Stay tuned for new updates.

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