What's Going On Netflix Shares Thursday?

Netflix, Inc. NFLX is in the spotlight ahead of earnings Thursday. Here’s what you need to know.

The Details: Netflix will report earnings for the first-quarter after the market closes today. Analysts’ estimate earnings per share of $5.72 and revenue of $10.52 billion, according to data from Benzinga Pro.

The company previously guided revenue to be about $10.42 billion, which would represent an 11.2% year-over-year increase. It also guided earnings per share of $5.58 and operating income of approximately $2.94 billion for the first quarter.

In its letter to shareholders at the end of 2024, the company said, “We enter 2025 with strong momentum, coming off a year with record net additions (41M) and having re-accelerated growth (16% increase in revenue). Moreover, we're in a leadership position in terms of engagement (approximately two hours per paid membership per day), revenue ($39B) and profit ($10B in operating income) in a market that is continuing to expand.”

Ahead of earnings, Needham analyst Laura Martin reiterated a Buy rating on Netflix and maintained a $1126 price target.

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NFLX Price Action: At the time of writing, Netflix stock is trading 0.51% higher at $966.72, per data from Benzinga Pro.

Image: Courtesy of Netflix, Inc.