Netflix is set to report first-quarter earnings after market close on Tuesday, with Wall Street bracing for a slowdown in subscriber growth following a record-setting year.
Kevin Westcott, U.S. technology, media & telecom leader at Deloitte, discusses the firm’s latest edition of its Digital Media Trends Survey, which breaks down how consumers of different ages are engaging with various entertainment options.
Netflix (NASDAQ: NFLX) quarterly reports are always full of surprises. The streaming stock has a history of moving wildly on earnings reports as its subscriber numbers tend to fluctuate significantly in ways that are difficult to predict. Netflix also aims to provide guidance that is accurate, sharing its actual internal forecasts with investors, rather than offering conservative guidance that it expects to beat, the way many tech companies do.