Netflix Earnings: Will Subscribers Soar Higher Again?
Believe it or not, earnings season for Q2 is just around the corner. Streaming-TV company Netflix (NASDAQ: NFLX), which is always one of the first major growth stocks to report earnings each quarter, has set a date for its second-quarter earnings release that is less than two weeks out -- on July 16.
The company set the bar high for its second-quarter results when it announced its first-quarter performance earlier this year. Not only did Netflix add a record 15.8 million new subscribers during the period, but it also guided for 7.5 million subscriber additions in Q2 -- a figure that's far ahead of the 2.7 million new members the company added in the second quarter of 2019. Many investors are likely hoping the momentum Netflix saw from consumers sheltering at home toward the end of Q1 will carry over into Q2.
As we head into Netflix's second-quarter update, here's some important background information to keep investors informed.
Source Fool.com
