Netflix (NFLX) is set to report earnings for the second quarter of 2024 after the bell Thursday, with investors likely to be watching if the streaming titan can continue to grow subscribers amid its push to expand its sports entertainment offerings.
The company is projected to report revenue of $9.51 billion, according to estimates compiled by Visible Alpha, representing a 16.1% rise over the year-ago quarter. Net income is expected to come in at $2.1 billion or $4.74 per share, down from the prior quarter, but well above the $1.5 billion or $3.29 per share reported in the same period in 2023.
Netflix investors will be looking to see if the company can continue to build on several quarters of subscriber growth. Netflix reported 269.6 million streaming subscribers in the first quarter of 2024, up 16% from the same period a year earlier.
Netflix’s subscriber base has climbed as the company cracked down on …