(L-R) Co-CEOs of Netflix Reed Hastings and Ted Sarandos arrive for the Allen & Corporate Solar Valley Convention on July 06, 2021 in Solar Valley, Idaho.
Kevin Dietsch | Getty Photographs
Netflix is about to record fourth-quarter profits after the bell on Thursday.
Listed here are the important thing numbers analysts are searching for:
- Profits according to proportion (EPS): 82 cents anticipated in a Refinitiv survey of analysts.
- Income: $7.71 billion anticipated, in line with Refinitiv.
- World paid internet subscriber additions: 8.19 million, in line with StreetAccount estimates
Analysts expect the corporate so as to add 8.19 million world paid internet subscribers, which might just about double the volume from the prior quarter. Netflix added 4.4 million subscribers within the 3rd quarter.
Netflix and analysts had expected a big bounce in shoppers towards the top of 2021 when the corporate launched new TV presentations and flicks that were driven to the again part of the 12 months.
Shiny spots within the quarter may just come from robust releases such because the celebrity-filled “Do not Glance Up” and “Emily in Paris.” The corporate had mentioned it could spend $17 billion on content material in 2021. It hasn’t launched figures but for 2022 spending.
Netflix introduced worth will increase within the U.S. and Canada ultimate week. Within the States, the per thirty days value for the elemental plan rose $1 to $9.99. The usual plan jumped from $13.99 to $15.49 and the top class plan rose from $17.99 to $19.99.
Netflix’s technique is to extend costs as shoppers change into much more entrenched within the corporate’s unique content material. Worth will increase can lend a hand offset waning buyer enlargement.
However some analysts gave the impression cautious forward of the profits record.
“With 4Q21 extensively billed as Netflix’s greatest content material quarter ever, we’d be expecting traders to recalibrate their long-term outlook in accordance with whether or not or now not this massive content material slate drove robust enlargement,” Credit score Suisse’s Douglas Mitchelson mentioned in a be aware ultimate week.
Netflix additionally continues to stand steep festival in opposition to services and products like Disney+, HBO Max, Amazon High Video, Apple TV+ and others.
“In accordance with our studying of a couple of knowledge issues, it feels to us that Netflix’s U.S. trade is being impacted via … the increasingly more competitive streaming methods of legacy media corporations,” MoffettNathanson’s Michael Nathanson wrote ultimate week.
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