Netflix's Successful Password Sharing Crackdown Boosts Revenues and Subscribers

Netflix is set to release its second-quarter earnings report, which will provide insights into its subscriber momentum, progress on its cheaper advertising tier, and the impact of its password-sharing crackdown. Analysts have raised their price targets on Netflix, expecting positive updates on the company's monetization efforts and advertising tier rollout. Wall Street is bullish on Netflix shares, which have gained over 50% year-to-date. Analysts forecast net subscriber growth of 2.37 million in Q2 and anticipate revenue re-acceleration in the second half of 2023. However, some caution that high subscriber expectations may limit the opportunity for upside surprises.