Netflix NFLX doubled its own subscriber growth estimates in the first quarter, boosted by the initial shock of the early lockdown period, and followed that performance up with another big subscriber beat in Q2. The streaming TV firm has been at the forefront of the next wave in entertainment for years and now the coronavirus has seen Hollywood push back nearly all of its theatrical releases, which could benefit Netflix.
So let’s see what to expect from Netflix’s third quarter results that are due out on October 20, and try to help investors determine if it’s still time to buy NFLX for the long-haul…
The Only Game in Town
Netflix added 15.8 million paid users around the world in Q1 to crush its 7 million guidance that it provided before the coronavirus changed things dramatically. NFLX then pulled in over 10 million in the second quarter to blow away its