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What to expect from Netflix first quarter earnings on Monday?
Streaming major Netflix (NFLX) will report its first quarter 2018 results on April 16 after market close and the Wall Street is gung-ho about the company’s prospects. The stock is having a dream run in the bourses gaining 138% since 2017. Here are a few things to look at for investors in its upcoming results.
Subscriber Growth
One of the key metrics to look for is the total number of subscribers it has garnered in the Domestic and International segments. Historically, first quarter subscriber numbers tend to be good for the company as more people buy web-enabled devices during the holiday season.
Last quarter, Netflix reported that it expects to add 6.35 million members in the first quarter compared to 5 million in prior year quarter. Net adds from the US segment is expected to be 1.45 million and the rest coming from International segment. Since, subscriber adds has a direct impact on the company’s top line, it would be interesting to see whether there is any surprise in store in the upcoming quarter.
Read the full story at: https://news.alphastreet.com/what-to-expect-from-netflix-first-quarter-earnings-on-monday/