New Delhi, April 16 -- Netflix needs to prove that engagement is strong and content spending will pay off in its latest earnings report, now that the pursuit of Warner Bros. Discovery has come to an end.

Netflix is scheduled to report first-quarter financial results after the stock market closes on Thursday. Analysts surveyed by FactSet expect the streaming giant to post adjusted earnings of 76 cents a share on revenue of $12.2 billion.

It's been a very busy time for Netflix over the past few months. The company announced in December that it had agreed to buy Warner Bros. studios and HBO Max. This set off a bidding war with Paramount Skydance, which was also highly interested in taking over the studio responsible for Harry Potter and Ga...