Netflix (NFLX) will be releasing its earnings later today, and the expectation is that the company will report a growth in subscription numbers.

Will that be enough to offset Netflix’s legendarily high level of spending? The company is known for pouring millions into acquiring licensed content, like the popular Grey’s Anatomy that is streaming now on the platform and pulling in big viewer numbers. Then, the company also pours millions into acquiring new content exclusive to the platform, like Bridgerton and Wednesday, which have both been major draws for the company.

Netflix has grown its subscriber base steadily and powerfully over the last two fiscal quarters. It is expected that they will show growth for this quarter as well. LSEG data anticipates that Netflix has added five million subscribers this quarter. If that is true, that would be about three times as much as the company added at the same time last year.

Those subscriber numbers are expected to continue throughout the year, with another 3.7 million anticipated to be added in the following quarter.

How Will Netflix’s Stock Perform?

Netflix’s stock price has climbed dramatically this year, starting out at $468 per share and reaching the current price of $614 per share. The most significant increase happened around the previous quarterly earnings report, where Netflix stock jumped more than 19% in just a few days. We may see similar growth for this earnings report.

Netflix has grown steadily since then, rarely declining and pushing toward higher and higher price points. The stock price is up 0.14% ahead of the earnings report schedule for later today, and our expectation is that Netflix will release mostly positive numbers, possibly above expectations. If that happens, then you can expect the stock price to jump once more.

This company has proven to be a sound investment for the past two years and should continue to be worth a look for investors wanting both short and long-term profits.