Is Corona Boom Over ?: Netflix Outlook Catches Investors Coldly

Netflix is ​​one of the profiteers in the Corona crisis. The customer growth turns out accordingly. Now, however, the streaming portal is looking skeptically – and this is not popular with investors.

Netflix disappointed investors with its outlook for new customers in the current quarter. Internet video service announced an increase of 10.1 million customers in the U.S. in the second quarter just ended. The corona virus pandemic had "huge growth in the first half of the year," said the US company. However, there should be correspondingly lower growth in the second half of the year.

Netflix 467.65

Netflix therefore expects 2.5 million new customers worldwide in the current third quarter. However, according to refinitive data, experts estimate that there are almost 5.4 million.

The Netflix share initially lost around ten percent after the exchange. By the close of trading, they had been up almost 63 percent this year.

The company also announced that Ted Sarandos has now been promoted to co-chair alongside Reed Hastings. However, Sarandos remains responsible for content. Revenue in the second quarter rose a quarter to $ 6.1 billion. Diluted earnings per share were $ 1.59. Experts had expected $ 1.81 here.

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