Thoughts on today's $NFLX earnings
a few months ago, Netflix clearly went out of its way to make sure investors didn’t get too excited after its Q1 earnings.So it’s not like the magnitude of its Q3 subscriber forecast should be perceived as something completely out of left field. Even with the massive 15.8 million global sub addition in Q1 ‘20, Netflix’s year-over-year growth rate that quarter was still 23%, slightly down from the 25% year-over-year growth the company experienced in the COVID-19-less Q1 ‘19.
The focus on weaker-than-expected Q3 guidance from Netflix also seemed to take away from discussion of the fairly significant news that, you know, the company now has two CEOs.
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