Netflix Q4 2023 Earnings Preview: Grab rewards by guessing the opening price!
Netflix is releasing its Q4 2023 earnings on January 23, after the U.S. stock market close. How will the market react to the company's quarterly results? Vote your answer to participate!
Rewards
● An equal share of 1,000 points: For mooers who correctly guess the price range of $Netflix (NFLX.US)$'s opening price at 9:30 AM ET Jan 24 (e.g., If 50 mooers make a correct guess, each of them will get 20 points.)
(Vote will close on 8:00 AM ET Jan 24)
● Exclusive 300 points: For the writer of the top post on analyzing NFLX's earnings prospects.
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
Book the Live Earnings Conference:
Netflix Q4 2023 earnings conference call
Netflix Q4 2023 earnings conference call
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mr_cashcow : Read somewhere Netflix seems to have cut and reduced the amount of shows that they are producing to streamline and reduce programming costs, should have a positive impact on their earnings![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102362254 : Netflix gained 17 million subscribers in the second half of 2023, thanks to its global expansion and popular shows. Analysts expect its Q4 revenue and earnings per share (EPS) to increase by 11% and 1742%, respectively, compared to the same period last year. But, Netflix faces several challenges, such as high content costs, lower margins, and currency risks. Netflix also lost US market share to new competitors like Peacock TV and Paramount Plus. Despite these threats, Netflix remains the global leader in streaming, with 39.4% of the market and a low churn rate of 3.3%.
$Netflix (NFLX.US)$’s stock price has fluctuated widely in the past three years, dropping by 51% in 2022 and rising by 65% in 2023. Netflix needs to innovate and adapt to maintain its advantage. As a Netflix subscriber and supporter, I hope its Q4 earnings report will boost its stock performance.
ZnWC : I expect the opening share price to be in the range 480-490.
The Q4 earnings will meet expectations as Netflix is forecasting an 11% YOY revenue increase to $8.7 billion. It expects the addition of paid memberships to be similar to Q3 about 8-9 million new subscribers.
But the company faces 2 challenges in 2024. First Citigroup recently downgraded Netflix from "Buy" to "Hold", citing concerns over declining margins. It is predicted that the operating margin may drop to 13% in Q4 from 22% (Q3). Second a strong US dollar against other currencies could impact its Q4 revenue and ARM by approximately $200 million.
Z00Moo : At 0930hrs on 01-24-24, $Netflix (NFLX.US)$ will open between ($470-$480 / share). In my opinion, earnings will be ON target. A saturation of countless +(PLUS) streaming services, plus RISING ↑
monthly subscriptions costs, will cause a leveling-off period. Slightly bearish.
72890452 : This stock will go above 490
Ty Cole : people are cancelling subscriptions cause economy is dwindling and cut cost to consumers
Stephen Holmes8 : Marley is on a huge up trend and Netflix will follow
Alan Tan 俊帆 :
atelophobia : Buy the rumour sell the fact
Lau Ze Xian : it's going to go up above 490
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