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Netflix’s Expected Q4 Subscriber Bonanza Should Get Earnings Season Off To A Fast Start
Netflix will kick-start media and tech earnings season Tuesday, reporting what are projected to be stellar subscriber numbers.
Discovery and Fox Corp. are expected to weigh in on their failed joint streaming venture, Venu Sports, and Comcast will brief Wall Street on progress with NBCUniversal cable network spinoff it announced last November, and Paramount Global will offer updates on the company’s pending merger with Skydance Media. Among the questions Netflix will like face during its self-mediated earnings call (in which its head of investor relations selects and groups analyst queries as opposed to an open conference-call format) concern price hikes, advertising growth and the strategy for live sports. With a mixed bag including better movie studio results but disappointing NBA ratings and expenses for things like password sharing and other streaming initiatives, Ehrlich sees “several moving parts” and “unknowns” in play for Disney.
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