while Wall Street expected the number to be closer to 5 million. It also reported an unexpected loss in U.S. subscribers.Many analysts are already predicting the streaming giant will bounce back in the third quarter anchored by Netflix's original show, 'Stranger Things.'
Strong content is still going to be the backbone for Netflix driving subscriber growth going forward, analysts say. "Some will say this miss suggests maturation or lack of pricing power; we see neither. We would note Netflix misses have been followed by strong qtrs, and, along those lines, we expect Netflix's very strong 2H slate will lead to a rebound in sub growth," Credit Suisse analysts said."The reality is 2Q has been a tough quarter for three of the past four years, and it's likely a combination of factors driving softness," they said.
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