Netflix expected to outpace Q4 new subscriber estimates
01/20/2024 05:34
Netflix (NFLX) plans to release fourth-quarter 2023 earnings on Tuesday, January 23, projecting another quarter of subscriber growth after rolling out ad-tier subscription plans and cracking down on password sharing. Wedbush Securities Managing Director of Equity Research Michael Pachter joins Yahoo Finance to discuss the data expected out from the streaming giant in its earnings results. "Investors will be pleasantly surprised when they report their numbers. They should beat that 8.75 million [new subscriber] target, and I think they'll probably beat it by a million or two," Pachter says. Pachter goes on to comment on Netflix's venture into streaming top video game titles. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Netflix (NFLX) plans to release fourth-quarter 2023 earnings on Tuesday, January 23, projecting another quarter of subscriber growth after rolling out ad-tier subscription plans and cracking down on password sharing.
Wedbush Securities Managing Director of Equity Research Michael Pachter joins Yahoo Finance to discuss the data expected out from the streaming giant in its earnings results.
"Investors will be pleasantly surprised when they report their numbers. They should beat that 8.75 million [new subscriber] target, and I think they'll probably beat it by a million or two," Pachter says.
Pachter goes on to comment on Netflix's venture into streaming top video game titles.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.