Netflix(US:NFLX) ZACKS·2024-10-14 14:24Core Viewpoint - Netflix is expected to report quarterly earnings of $5.07 per share, a 35.9% increase year-over-year, with revenues projected at $9.77 billion, reflecting a 14.3% year-over-year growth [1] Revenue Projections - Revenue from the United States and Canada is estimated at $4.32 billion, indicating a 15.6% year-over-year increase [2] - Revenue from the Asia-Pacific region is projected to be $1.09 billion, representing a 15% year-over-year growth [2] - Latin America revenue is expected to reach $1.23 billion, showing a 7.6% year-over-year increase [2] - Revenue from Europe, the Middle East, and Africa is forecasted at $3.13 billion, reflecting a 16.3% increase compared to the previous year [3] Membership Projections - Global streaming memberships are expected to see a net addition of 4,758.07 thousand, down from 8.76 million year-over-year [3] - Paid memberships in Latin America are projected to reach 49,532.90 thousand, up from 43.65 million year-over-year [3] - Paid memberships in the United States and Canada are estimated at 85,152.49 thousand, compared to 77.32 million in the same quarter last year [3] - Paid memberships in the Asia-Pacific region are expected to reach 51,959.18 thousand, up from 42.43 million year-over-year [3] - Total global paid memberships are projected to be 282,856.90 thousand, compared to 247.15 million year-over-year [4] - Paid memberships in the EMEA region are expected to reach 95,612.30 thousand, up from 83.76 million year-over-year [4] Membership Revenue Metrics - Average revenue per membership in the EMEA region is projected to remain at $10.98, unchanged from the previous year [4] - Paid net membership additions in Latin America are estimated at 853.62 thousand, down from 1.18 million year-over-year [4] Stock Performance - Netflix shares have increased by 3.7% over the past month, while the Zacks S&P 500 composite has risen by 4.9% [4]