Netflix is the first of tech giants to report after the close today. Here is what Wall Street expects.
According to Goldman TMT specialist Peter Callahan, the set-up was trickier this quarter prior to this recent pullback but is more balanced down here. Investors are looking for a solid 4Q net adds beat (vs Goldman est ~9.8mn) and it will likely take something >13mn (the 4Q’23 figure) to really ‘wow’ people according to the Goldman analyst - which leaves most of the debate around the markets' ability to digest any FX related headwinds / adjustments (vs initial CY25 revs guide of $43-44bn).
