Netflix Prepares for Q2 Earnings Amid Competitive Streaming Landscape

Company anticipates substantial revenue growth and strategic shifts while facing intense market competition.

Netflix forecasts a 16% revenue increase for Q2 2024, with earnings projected to grow 42.2% year over year.
The company expects a seasonal decline in paid net additions but predicts growth in global Average Revenue per Membership.
Netflix's initiatives, including ad-supported plans and password-sharing crackdowns, aim to boost revenue and subscriber engagement.
The streaming giant faces stiff competition from Disney+, HBO Max, Apple TV+, and other platforms.
Wall Street analysts have mixed expectations, with some predicting a significant earnings beat and others advising caution.