Netflix (NFLX) earnings for Q1 2022

Netflix is ​​expanding its footprint in mobile gaming.

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Netflix is ​​set to release its first quarter earnings after the call on Tuesday. The company’s shares have been hit hard in 2022, falling more than 40% as it struggled to maintain subscriber growth as pandemic-related restrictions ease.

Here’s what’s in store for Wall Street:

  • earnings per share: $2.89, according to a survey of analysts by Refinitiv.
  • Income: $7.93 billion, according to a poll of analysts by Refinitiv.
  • Global paid subscribers: 2.73 million, according to StreetAccount estimates.

Netflix previously told shareholders that it plans to add 2.5 million subscribers in the first quarter. Analysts predict that number will be closer to 2.7 million. Any number would mean a significant drop from the 3.98 million added over the same period in 2021.

Investors’ over-focus on new paying customers has sent Netflix’s stock down 20% since the company’s last earnings report in January. Aside from weaker-than-expected fourth-quarter subscriber growth, company executives have quietly acknowledged that competition from other streaming platforms is having a negative impact on its growth.

Netflix has increased spending on content, especially originals, amid fierce competition in streaming. To pay for this, he raised the prices of his services. While the company is exploring other growth options, such as adding video games, analysts and investors are wondering what else Netflix can do to boost revenue.

This is the latest news. Please stay tuned for updates.

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