Netflix reported earnings today.  Here’s what you need to know.

Netflix is ​​scheduled to report first-quarter earnings after trading closes this afternoon.

As per tradition, the streaming video market is starting a leading technology revenue season. Netflix (ticker: NFLX ) expects modest growth, and Wall Street estimates are in line with guidance.

Investors will be eager to hear updates on both.

Netflix is ​​scheduled to report first-quarter earnings after trading closes this afternoon.

As per tradition, the streaming video market is starting a leading technology revenue season. Netflix (ticker: NFLX ) expects modest growth, and Wall Street estimates are in line with guidance.

Investors will be eager to hear updates on both the company’s ad-supported subscriber-level process and plans for password sharing. At the post-earnings conference, analysts may ask questions about the company’s recent move to cut prices in smaller markets around the world.

Here’s what you need to know:

  • March Quarter GuideRevenue was $8.2 billion, up 4 percent. Net income $1.3 billion. EPS $2.82 a share. Operating income $1.6 billion. Operating margin was 19.9% ​​”positive” net subscriber increase.
  • March quarter consensus estimate$8.2 billion in revenue, according to FactSet. EPS of $2.86 a share. Paid net subscriber additions of 2.26 million.
  • June quarter consensus estimateRevenue $8.5 billion. Net income $1.4 billion. EPS $3.07 a share. Paid net subscribers add 3.7 billion.
  • InterestingThis will be founder Reed Hastings’ first quarter on a post-earnings call after he recently moved into the role of executive chairman. The company has stopped providing specific subscriber growth forecasts.
  • CallNetflix will broadcast the earnings call on YouTube beginning at 6 p.m. ET.

Write to Eric J. Savitz at eric.savitz@barrons.com

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