Commanding a whooping market cap of $497.5 billion, Netflix, Inc. (NFLX) is a global streaming giant offering 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 third-quarter earnings after the market closes on Tuesday, Oct. 21
Ahead of the event, analysts expect Netflix to report an adjusted profit of $6.88 per share, up 27.4% from $5.40 per share reported in the year-ago quarter. The company’s earnings surprise history is solid, as it has surpassed Wall Street’s bottom-line estimates in all of the past four quarters.
