Netflix reports third-quarter earnings after the bell
"We believe its popularity highlights the success and globe-spanning power of Netflix's original content strategy," Stifel analysts wrote in a note. Afrom Saturday said Netflix anticipates "Squid Game" to create nearly $900 million in value for the streamer. Wedbush analysts said the show could also boost fourth-quarter subscriber numbers.
The company is expected to continue releasing content, and any breakout films and shows will likely show benefits through the end of the year.across its global network, we expect that on occasion it will hit such goldmines that can attract new subscribers and limit churn for a period of time," Wedbush analysts wrote in a research note.gaming initiatives, merchandising and competition from the likes of Disney+ and other streaming services.
Even if Netflix does beat Wall Street expectations, shares may be a bit rocky in the following days. Netflix stock has traded lower the day after earnings nine out of the last 12 quarters, according to Bespoke data. The third quarter is typically the company's most volatile season, while Q4 is often the company's biggest winner.
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