Netflix Breaks Down Positive and Negative Impacts of Coronavirus Lockdowns on Its Results [TheStreet.com]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: TheStreet.com
After a crowd-pleasing earnings result, Netflix management had a few words of caution for investors.The streaming giantblew away estimates on subscriber growth,(NFLXGet ReportIn aletter to shareholdersFor the current quarter, the company guided for 7.5 million new paying subscribers -- but said that that guidance is mostly "guesswork.""The actual Q2 numbers could end up well below or well above that, depending on many factors including when people can go back to their social lives in various countries and how much people take a break from television after the lockdown," Netflix wrote. Analysts polled by FactSet were forecasting 4.14 million new paying subscribers this quarter on average.Netflix highlighted a number of new shows and movies going live this quarter, includingSpace ForceHollywoodGleeWhile its content slate was only "modestly" impacted last quarter by production stoppages, they could produce ripple effects for Netflix in the quarters ahead, the company said."The impact on
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