Netflix is gearing up to once again open the quarterly earnings season for entertainment companies, providing its first-quarter subscriber and financial update after the stock market close on Tuesday.
After a record-setting 2020 that it ended with more than 200 million global subscribers, helped by stay-at-home orders due to the coronavirus pandemic, management has projected 6 million subscriber additions globally for the opening period of 2021.
And Wall Street doesn’t expect a major upside surprise, certainly not like a year ago. That and the tough year-ago comparison are widely seen as explaining why the stock hasn't moved much this year.
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