Netflix Beat Subscriber Expectations by Returning to Normal
Around the world, 8.5 million households signed up for a new Netflix (NASDAQ: NFLX) account in the last three months of 2020. That far exceeded Wall Street analysts' expectations and the company's own guidance for the quarter. Management said investors should expect just 6 million subscriber additions as it continued to adjust to the pull-forward of subscribers early in 2020.
But 8.5 million net subscriber additions is roughly in line with the number of subscribers Netflix added in the fourth quarters of both 2018 and 2019. In other words, the company returned to normal after a few volatile quarters. And that bodes well for what's ahead.
Netflix offices in Singapore. Image source: Netflix.
Source Fool.com
