3 Positives from Netflix's Disappointing Earnings
Netflix (NASDAQ: NFLX) is suffering a hangover from 2020 that's worse than anyone anticipated. The streaming leader added just 4 million subscribers in the first quarter, and management expects to add a paltry 1 million this quarter. Netflix's own guidance was for 6 million first-quarter net additions, and Wall Street analysts previously expected Netflix to add 4.4 million subscribers in the second quarter.
But long-term investors can still find some silver linings in Netflix's earnings report. Here are three important ones to note.
Netflix offices in Singapore. Image source: Netflix.
Source Fool.com
