Netflix Inc.'s crackdown on passwords and its new ad-supported service highlight its first earnings report without founder Reed Hastings as chief executive.
Netflix Inc.’s crackdown on passwords and its new ad-supported service highlight its first earnings report without founder Reed Hastings as chief executive.
Analysts... Netflix Inc.’s crackdown on passwords and its new ad-supported service highlight its first earnings report without founder Reed Hastings as chief executive. Analysts surveyed by FactSet forecast on average net earnings of $2.88 a share on revenue of $8.17 billion. “We believe [first-quarter 2023] results will mark the low point of [fiscal 2023] reflecting the initial impact of password sharing efforts in select markets,” BofA analyst Jessica Reif Ehrlich said in an otherwise recent cheery note that foresees long-term benefits to Netflix’s strategy.
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