Should You Bet on Netflix Stock Ahead of Q3 Earnings Release?

Netflix (NFLX) is set to report third-quarter 2024 results on Oct. 17. For the third quarter of 2024, Netflix forecasts revenues to increase 14%, which equates to 19% growth on an F/X neutral basis, due to price changes in Argentina and the devaluation of the local currency relative to the U.S. dollar.The company anticipates total revenues to be $9.77 billion, suggesting growth of 13.9% year over year. The Zacks Consensus Estimate for revenues is pegged at$ 9.77 billion, in line with the company’s expectati ...