Expansion plans will also be in focus, as investors are hoping to hear updates on plans in Europe, including the timing of launches in France and Germany. The company has said it plans to nearly triple its footprint of European broadband homes.
MKM Partners analyst Rob Sanderson writes: "We have growing conviction that Netflix will become a $70-$80 billion market cap in the coming 4-5 years driven by 1) strength of the content story, 2) domestic penetration growing to 60% of broadband homes and 3) major contribution from massive international opportunity."
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But international expansion brings higher costs, as does ongoing investment in content—both original and exclusively licensed content. Investors want to see that ongoing investment continue to pay off.
Even with "Orange Is the New Black" and "House of Cards," Netflix still lags HBO in terms of original programming, Richard Greenfield, media and technology analyst at BTIG, said on CNBC's "Squawk Box."
"HBO still has this incredible original programming that Netflix is striving to get it," he said.
The value of HBO versus Netflix has gotten a lot of attention recently, after last week's news that Time Warner, which owns HBO, had rejected an $80 billion buyout offer from Rupert Murdoch's 21st Century Fox.
Based on that offer of $85 a share in cash and stock, HBO is valued around $20 billion compared with the $26 billion market-cap of Netflix. "It seems absurd. Either HBO is notably undervalued inside Time Warner … or Netflix is overvalued," Greenfield said. "It's hard to believe that HBO would be that significantly disadvantaged versus Netflix."
—By CNBC's Julia Boorstin and Matthew J. Belvedere