Netflix's Q1 earnings: Ad tier and password sharing crackdown in focus.

Netflix is set to report Q1 earnings with revenue estimated at $8.18 billion, EPS at $2.86, and 2.3 million net additions in subscribers. Investors are eager for updates on the recently launched ad-supported tier and the company's crackdown on password-sharing. Jefferies estimates that both initiatives will drive double-digit revenue growth by the end of 2023. However, Third Bridge Group's Jamie Lumley called Netflix's initial target of attracting 40 million ad-based subscribers by the end of 2023 "increasingly unrealistic." Wells Fargo analyst Steve Cahall remains bullish on the password sharing crackdown, estimating extra member pricing will come in at about $8 a month in the U.S.