Earnings Preview | Netflix Q3 financial report to be released soon, market expects a 33% year-on-year increase in net profit
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Netflix will announce its Q3 financial report on October 17th. Analysts expect revenue to be $9.77 billion, a year-on-year increase of 14%; net profit to be $2.23 billion, a year-on-year increase of 33%; and earnings per share to be $5.11. The global user base is expected to reach 286 million. Barclays analysts have downgraded the stock rating to "Underweight" with a target price of $550. KeyBanc analysts pointed out that live streaming NFL games in the fourth quarter may drive user growth
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