Netflix (NFLX.US) earnings report is imminent: stock price doubles and faces test, subscription numbers not disclosed, advertising business becomes new focus.

According to the Securities Times APP, as Netflix (NFLX.US) stock price approaches its highest valuation level since 2022, the market is paying close attention to the upcoming second quarter financial report and future prospects of this streaming giant. The company is scheduled to release its second quarter performance after the close of the US stock market on Thursday, with the market generally expecting it to continue its growth momentum. According to a compilation of analysts' average forecasts, Wall Street expects Netflix to achieve earnings per share of $6.70 and revenue of $11.3 billion in the third quarter, representing year-on-year growth of 24% and 15% respectively.