Netflix

JPMorgan analyst Doug Anmuth maintains Netflix (NASDAQ:NFLX) with a Overweight and raises the price target from $455 to $480.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: NFLX is realizing profitable growth in the video streaming market. We raise our EPS estimates in 2023 by $0.35 to $12.20 and ’24’s by $0.80 to $15.80; NFLX post Q3 2023 at $3.73, a $0.25 consensus beat. We lower our target to $485 from $520 using a forward TEV/EBITDA of 24.2x, well below historic averages. Even with the market dislocation in linear networks, we think NFLX is positioned to drive membership growth, higher revenue, and free cash flow (guidance raised to $6.5B from $5.0B in ’23). NFLX realized 8% Y/Y revenue growth in Q3 and expects to see higher revenue in Q4. We estimate total revenue at $33.6B in ’23 and $38.2B in ’24. By regions, NFLX grew UCAN +4% (44% of total revenue), EMEA +13% (33%),

Netflix Guides For Q4 EPS of $2.15 on Revenue of $8.69 Billion, Vs CIQ Analyst Consensus of $2.20/Share on Revenue of $8.76 Billion。

Netflix Says Updating FY23 Operating Margin Guidance Forecast To 20%, The High End Of Prior 18% To 20% Forecast。

Netflix (NFLX) reported Q3 earnings late Wednesday of $3.73 per diluted share, up from $3.10 a year earlier. Analysts polled by Capital IQ expected $3.50 per share. Revenue for the quarter ended Sept. 30 was $8.54 billion, up from $7.93 billion a year earlier. Analysts surveyed by Capital IQ expected $8.54 billion. The streaming giant said its global paid net additions stood at 8.76 million in Q3, compared with 2.41 million a year earlier. Analysts polled by Visible Alpha were expecting 6 million. Netflix said it expects Q4 EPS of $2.15 on revenue of $8.69 billion. Analysts polled by Capital IQ are looking for EPS of $2.24 and revenue of $8.77 billion.

By Tae Kim Investors are expecting Netflix to give updates about the progress of its ad subscription plan and pricing strategy after the market close. Some analysts are worried changes on either front could dampen future growth. For the third quarter, the consensus for Netflix (ticker: NFLX) is for the company to report revenue of $8.54 billion with earnings per share of $3.49 and 6.1 million in paid net add subscriptions. Analysts’ estimates for the current quarter are EPS of $2.17, net adds of 7.7 million, and $8.78 billion in revenue. Last week, Wolfe analyst Peter Supino lowered his rating to Peer Perform from Outperform for Netflix and removed his $500 price target on the stock, citing worries about growth in the coming years.

Netflix’s (NFLX) Q3 results will be “largely” in-line with expectations, including similar subscriber net additions of 6 million for the quarter, compared with 5.9 million in Q2 and 2.4 million in the year-ago period, UBS Securities said Monday in a note. UBS said it estimates an 8.2% revenue growth in Q3 for Netflix, while the company projects 7.5%. The firm said it also expects Netflix to provide “solid” commentary for Q4, including seasonally stronger subscriber additions, further acceleration in revenue growth and stronger year-over-year margins. But UBS said it is lowering its 2024 estimates due to a more gradual build in advertising and more measured margin expansion because of higher content amortization and other investments. UBS cut its diluted EPS estimate for Netflix to $15.10 from $16.17 and revenue estimate to $38.24 billion from $38.64 billion for 2024. UBS maintained the company’s buy rating and reduced the price target to

Benchmark analyst Matthew Harrigan reiterates Netflix (NASDAQ:NFLX) with a Sell and maintains $325 price target.

Netflix Announces Plans For Two Fan Destinations In U.S. In 2025; Netflix To Open Stores Where Fans Can Play, Shop And Eat In ’25.

Netflix, Inc. (NASDAQ: NFLX) today announced it will post its third quarter 2023 financial results and business outlook on its investor relations website at on Wednesday, October 18, 2023, at approximately 1:00 p.m. Pacific Time. A video interview with co-CEOs Ted Sarandos and Greg Peters, Chief Financial Officer Spence Neumann and VP, Finance/IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time. The discussion will be moderated by Jessica Reif Ehrlich, BofA Securities, with questions submitted via email.

Netflix is favorably positioned to keep delivering scripted programming in the face of the prolonged actor and writer strikes thanks to its international production and already produced domestic content, Benchmark analyst Matthew Harrigan says in a research note. A resolution to the strikes could actually weigh on Netflix–all studios and streamers will be affected by the revised higher compensation for actors and writers tied to streaming, and Netflix could see an outsized impact given it is the prime mover for the absence of residuals in streaming compared with traditional TV, the analyst says.