Netflix to Report Q1 Earnings Following Defeat in Warner Bros. Battle

Netflix (NFLX) will make its first-quarter earnings after the bell, following its defeat in the battle to purchase Warner Bros. Discovery (WBD) to Paramount Skydance (PSKY) and raised its subscription fees.

The streaming giant is expected to report $12.17 billion in revenue, according to Bloomberg consensus data. For the first quarter of last year, the company reported $10.54 billion in revenue.

Adjusted earnings per share are expected to be $0.76. In the same quarter last year, earnings were $0.66. The company announced a 10-for-1 stock split in the middle of November.

The company left the negotiating table after a heated bidding contest to acquire Warner Bros., and this is the first report since then.

Paramount SkyDance agreed to cover the costs of the split after winning the bid. Netflix has an incremental $2.8B to spend on content and ad stack improvements this year from its WB deal break-up fee, which we expect to extend its competitive lead,” Wedbush analyst Alicia Reese wrote in a note to clients. Warner Company.

The $110 billion offer will be put to a vote by shareholders next week,

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Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.

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