NEW YORK (
will report its second-quarter earnings results after the close, but the focus will be more on color regarding its subscription hike and potential new deals, not its numbers.
Chatter surfaced ahead of results that Netflix is near announcing a content deal with
Earlier in the month, Netflix announced it is increasing its subscription rate, choosing to break up its popular DVD-by-mail and streaming service. The two plans will now cost users $16 per month compared with the previous rate of $9.99.
The announcement caused an uproar among subscribers, with many declaring they will cancel their membership. As a result, Netflix's subscription forecast will be a major focus. The company expected to end June with 24.9 million to 25.8 million subscribers, up from 23.6 million in March.
Overall, Wall Street is calling for second-quarter profit of $1.11 per share on revenue of $791.5 million.
-- Reported by Jeanine Poggi in New York.
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