Netflix Q2 Earnings Preview: Can ‘Stranger Things’ Soften the Blow of a Dismal Quarter?
variety.comTodd Spangler NY Digital EditorWhen Netflix reports second-quarter results Tuesday, the key barometer for Wall Street will be whether the streamer will overdeliver on already low expectations — or, like the Indiana town that’s the centerpiece of “Stranger Things,” it will get sucked deeper into a pit of despair.Netflix projected a net loss of 2 million streaming subscribers for the second quarter, following a surprise decline of 200,000 in Q1 (which included the loss of 700,000 Russian customers after exiting the country over the invasion of Ukraine).
The company is scheduled to report Q2 2022 results after market close July 19.At least one analyst thinks Netflix will beat sub guidance for Q2 — driven by “Stranger Things 4,” which has seen significant viewership, to become the most-watched English-language original series in its first month of release (according to Netflix’s proprietary measurement).
Read more on variety.com
