Netflix to Reveal Q2 Earnings Amid Legal Challenge in Canada

Netflix, Inc. (NFLX) is set to reveal its second-quarter financial results on Thursday, July 18, after the market closes. Analysts are anticipating the California-based company to post quarterly earnings at $4.74 per share, a significant increase from $3.29 per share reported in the same period last year. Revenue is also expected to see a rise, with projections at $9.53 billion compared to $8.19 billion a year prior, as per Benzinga Pro data. There is a general neutral sentiment surrounding the upcoming earnings report.

In related news, Netflix, along with Walt Disney Co (DIS) and various U.S. streaming giants, has joined forces to challenge a new decree in Canada. The Canadian Radio-television and Telecommunications Commission (CRTC) has directed these companies to allocate 5% of their sales in the country to support local broadcast news and other domestic content. This development comes amidst Netflix shares closing at $647.46 on Wednesday, marking a 1.4% decline. Readers looking for detailed analyst ratings and insights can find them on the Analyst Stock Ratings page.

As anticipation builds for Netflix’s financial results, analysts are closely scrutinizing the company’s performance. The upcoming earnings call will shed light on whether the streaming platform has managed to meet expectations and continue its growth trajectory. With Netflix, DIS, and others pushing back against regulatory requirements in Canada, the outcome of their legal challenge could have broader implications for the streaming industry. Stay updated with Benzinga for the latest on Netflix and other key market players.