Netflix will hope for blockbuster results when it updates the market on Tuesday.

The streaming giant has delivered a string of hits in recent months, including Harry and Meghan’s tell-all documentary.

But away from all the thrillers and action-packed shows on offer, analysts and investors will want to take a good look at the first-quarter figures.

Netflix had expected to add 4.5m subscribers in the final three months of last year.

It smashed this forecast with 7.7m subscribers, taking its total of paying customers to 230.7m at the end of 2022.

It is expecting to add fewer subscribers in the three months to the end of March, though the first quarter of the year tends to be weaker.

In a sector as crowded as the streaming industry, getting viewers to part with their money is not easy. Disney and Warner Bros Discovery have hiked their prices, which analysts reckon could have helped Netflix gain subscribers.

There also should be more insight provided into the progress of its new pricing model, which allows subscribers to pay less if they are happy to watch adverts or pay more to make sure there are no ads.

And clamping down on password sharing remains an ongoing challenge.

Analysts expect Netflix revenues to increase by 4 per cent to £6.6billion in the first quarter.

It should make a profit of around £1.3billion, according to analysts, down from £1.6billion in the same period a year ago.

And for all of 2023, Netflix is expected to make revenues of £27.3billion, 8 per cent higher than the £25.3billion it made last year.

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This post first appeared on Dailymail.co.uk

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