Expectations Climb Ahead Of Netflix’s Latest Quarterly Report
Ahead of the company’s quarterly earnings report on January 18th, investor confidence has carried Netflix to its strongest ever closing on the Wall Street stock market.
The content-streaming giant closed at $133.70 per share on Friday.
Deutsche Bank’s Bryan Kraft claims Netflix will present stronger international growth results than the company’s guidance of 3.35 million new subscribers has forecasted.
In a note sent out on Friday, he estimated that the company’s quarterly report will add another 4.35 million subscribers to their base.
Other analysts are expecting results a little closer to Netflix’s own forecasts.
Netflix’s last quarterly report saw the company pass $2 billion in sales as a result of the wild success of its original series’ Stranger Things and Narcos, exceeding its own expectations and bringing total subscribers to 86.7 million.
The final quarter of 2016 may yet prove to be just as a strong with an array of new series (Marvel’s Luke Cage, The OA, The Crown) and new instalments of already-popular ones (Gilmore Girls and Fuller House) expected to help swell the company’s base subscribers once again.
Though Netflix does hold a dominant slice of the Australian content streaming landscape, it’s been widely criticised for failing to invest in locally-produced content and offering an inferior library of content in comparison the US service.
The company’s ANZ subscriber base is estimated to be around 1.6 million active users.