Netflix Q1 Preview: Analysts Expect Strong Showing From ‘Undisputed Leader in Streaming TV’
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variety.comTodd Spangler NY Digital Editor Wall Street is betting that Netflix‘s stream machine continued to fire on all cylinders coming into 2024.
After netting a whopping 13.1 million new subs in Q4, Netflix is riding a wave of momentum that continues to be buoyed by the paid-sharing strategy, as it converts password borrowers into paying members, according to analysts.
Netflix “remains the undisputed leader in streaming TV,” Macquarie Equity Research’s Tim Nollen said in a research note to clients Monday.
Netflix is scheduled to report Q1 2024 earnings after market close Thursday (April 18). The company previously said it expects Q1 net adds to be higher than the year-earlier period, when it gained 1.75 million subs.
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