Netflix Earnings Preview: 3 Key Questions For the Leading Streamer
Netflix's (NASDAQ: NFLX) third quarter earnings report is due out after hours on Oct. 20, and it could be one of the more pivotal reports for the streaming giant.
Netflix's subscriber base surged through the first half of the year as the streaming pioneer added 25.9 million subscribers, nearly the same number who signed up in all of 2019. Following its strong growth during the lockdown period, management tamped down expectations for the second half of the year, saying it expected just 2.5 million new members in the third quarter, compared with 6.8 million subscriber additions in the quarter a year ago. The company also forecast revenue growth of 20.6% to $6.32 billion, and sees earnings per share of $2.09, up from $1.47 a year ago.
Beyond the headline numbers, let's take a look at three questions investors should be looking to get answered from the upcoming report.
Source Fool.com
