Can Netflix stay one of Wall Street's favorite pandemic stocks? Results due Thursday

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Netflix Inc will tell investors on Thursday how home-bound audiences and a lack of live sports have boosted its membership rolls even as streaming competition rises to unprecedented levels.

FILE PHOTO: A smartphone with the Netflix logo is seen on a keyboard in front of displayed"Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic

In April, Netflix wowed Wall Street by reporting twice the number of expected signups for the first quarter, bringing its worldwide total to 182.9 million customers. The company tried to lower expectations by stressing that the pandemic-related boost likely would fade later. Netflix has forecast 7.5 million customers for the period, which included the release of “Space Force,” “Too Hot to Handle,” a Jerry Seinfeld comedy special and a new season of “Money Heist.”Consumers did, however, have several streaming options. Walt Disney Co’s Disney+ came online in November, and AT&T Inc launched HBO Max in May.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not at all

'Pandemic stocks' How morally bankrupt / sick are you people?

What is a 'net flix'

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech stocks push Europe lower after Wall Street tumblesEuropean stocks opened lower on Tuesday, hit by a drop overnight on Wall Street following a flare-up in U.S.-China tensions and new coronavirus restrictions. I’d need to know how we transition from natural gas to wind. That’s it.
Source: Reuters - 🏆 2. / 97 Read more »