Traders wait to see if Netflix can keep its streak of subscriber surprises going

Netflix's post-earnings stock performance all comes down to subscriber adds.

Netflix reports earnings after the bell Tuesday and traders know that pretty much all that matters to the stock is how many subscribers did the streamer add for the prior period. The stock has been on a roll the last three quarters as Netflix posted an increase in net global subscriptions that, each time, significantly beat Wall Street's expectations.

"We believe NFLX mgmt will frame the password sharing crackdown as a longer duration initiative in 2023 that it is likely to be better aligned in specific geographies with a more robust content slate than the one seen in March 2023," Goldman analyst Eric Sheridan wrote in the research note that contained data on the company's subscription performance. Analysts surveyed by FactSet expect the streaming giant to announce 1.

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