Netflix will submit a revenue for the third quarter of 2020 after the bell
(L-R) Reed Hastings and Ted Sarandos attend the world premiere of the Netflix TV series "Marseille" at the Palais du Pharo in Marseille on May 4, 2016 in Marseille, France.
Stephane Cardinale | Corbis | Getty Images
Netflix will post a profit for the third quarter of 2020 after the bell on Tuesday.
Here are the key numbers:
Earnings per share (EPS): The refinitive consensus estimate expects $ 2.14Revenue: According to Refinitiv, $ 6.38 billion is expectedGlobally paid net subscribers: According to FactSet, 3.57 million are expected
It is the first report since long-time Chief Content Officer Ted Sarandos was promoted to co-CEO alongside longtime CEO Reed Hastings.
Netflix told shareholders last quarter that after an initial spike, growth slowed as home stay orders increased worldwide. Executives anticipate filming will shift more in 2021, but said in the last quarter that the total number of original programs this year would exceed that for 2020.
Netflix has tightened its subscription practices in recent months. In May, the company announced it would proactively cancel customer subscriptions if they hadn't seen anything in a year and hadn't responded to contact messages. This month, multiple outlets reported that Netflix was phasing out its 30-day trial offer as it experimented with new marketing tactics such as: B. lets potential customers watch a selection of shows on their platforms or on YouTube.
This story evolves. Check for updates again.
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