Expectations are high ahead of Netflix’s quarterly earnings call, scheduled for Thursday after market close, and not just because its hit series Squid Game is set to return in the second half of 2024. Many analysts anticipate the streaming giant will build on several quarters of revenue and subscriber growth as it moves into live sports, all while touting margins that remain the envy of the industry.
Netflix is currently receiving price targets of $750 or higher from the likes of J.P. Morgan, Jefferies and Morgan Stanley. The company has routinely exceeded expectations, said Third Bridge’s Jamie Lumley, who noted its operating margin rose by 28% last quarter.
