The Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California.
Netflix reports its second-quarter earnings after the bell on Thursday, and Wall Street will be paying close attention to any details or progress the streamer will provide about its advertising-supported business model.
The streaming giant launched its ad-supported tier in late 2022 and has slowly released details and metrics on how the business has been performing.
Netflix's stock has been uplifted in recent quarters by its push to gain subscribers on its cheaper, ad-supported tier, in addition to its crackdown on password sharing.
However, the note emphasizes that although Netflix has a big lead ahead of its competitors when it comes to the streaming business, that pivot "is far from complete."
Persons:
Wedbush
Organizations:
Netflix, LSEG, LSEG Revenue
Locations:
Los Angeles , California