next quarter than Wall Street was hoping for, but that did little to deter overwhelmingly optimistic analysts on Wednesday.
He expects global paid subscriber growth to accelerate this year despite the company's tepid second-quarter forecast. Netflix expects to add a net 5 million paid subscribers globally during the second quarter, shy of the 6.09 million that Wall Street was anticipating. Both the US and interntional subscriber growth forecasts both fell short of expectations.
Others aren't convinced the disappointing subscriber growth guidance is just a blip in an otherwise bullish narrative. "We think the best-case scenario that US consumers will add Disney+, Apple+ and/or WarnerBros' new SVOD services to their Netflix SVOD service is too optimistic," the analysts, who have a"neutral" rating and no price target, said about the subscription video on demand services.concerns from companies like Disney and Apple that are focused on a particular demographic, like families with children, or sports fans.
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