Business
Netflix Has Big Quarter, But Subscriber Momentum May Slow: Analysts React – Hollywood Reporter
A strong run this year has led the streamer to hit an all-time high of $575.37 on July 11, but some Wall Street observers say there is little upside left for now.
Netflix analysts had different views on the future of the company’s stock after the streaming giant, in its late-Thursday second-quarter results, reported continued strong subscriber growth amid the novel coronavirus pandemic but warned of slowing momentum ahead.
The company added 10.09 million subscribers during its second quarter, bringing its global base to nearly 193 million after a record-breaking first quarter that saw it add 15.8 million.
Netflix, led by co-CEOs Reed Hastings and Ted Sa…
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