is slated to report third-quarter earnings Tuesday afternoon, and despite some near-term concerns, Wall Street remains largely bullish on the streaming platform.
Wall Street is now curious to see how it handles the slowed pace of economic recovery and a fading of the first-half rally. "While we believe Netflix conservatively assumed some normalization of churn, we believe some events such as the 'Cuties' backlash were unforeseen at the point they issued guidance," the analysts wrote Friday.expects the streaming giant to add 2.5 million new subscribers, roughly in line with its previous guidance.
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