Here's What to Look for When Netflix Reports Earnings
Netflix (NASDAQ: NFLX) is slated to report its second-quarter results on July 16. While many companies decided not to give forecasts for the next quarter, Netflix decided to give it a shot. However, the company did warn that its predictions could miss wildly given the increased level of uncertainty caused by the COVID-19 pandemic.
Still, the overall outlook is positive as people consume more in-home entertainment while staying indoors and social distancing. With coronavirus cases surging in some states in the U.S., and the threat level still high globally, Netflix should continue to experience increasing subscriber growth.
Netflix is expecting to add 7.5 million subscribers in the second quarter. Image source: Netflix.
Source Fool.com
