Boasting a market cap of $563 billion, Netflix, Inc. (NFLX) is a global streaming giant that offer a vast library of TV shows, movies, and original content through a subscription-based model. With a presence in over 190 countries, the company drives growth through heavy investments in exclusive content, expansion into gaming, and strategic pricing models, including an ad-supported tier. The company is set to release its second-quarter earnings after the market closes on Thursday, July 17
Ahead of the event, analysts expect Netflix to report an adjusted profit of $7.05 per share, up 44.5% from $4.88 per share reported in the year-ago quarter. The company’s earnings surprise history is solid, as it surpassed Wall Street’s bottom-line estimates in all of the past four quarters.
