Netflix sees Q2 EPS $4.68, consensus $4.54

Sees Q2 revenue $9.49B, consensus $9.51B. Netflix said in its quarterly letter to investors: “For Q2’24, we forecast revenue growth of 16%. This equates to 21% growth on a F/X neutral basis due primarily to price changes in Argentina and the devaluation of the local currency relative to the US dollar. We expect paid net additions to be lower in Q2’24 vs. Q1’24 due to typical seasonality. We forecast global ARM to be up year-over-year on a F/X neutral basis in Q2.”