Netflix Q2 Reaction: When Losing Is Winning $NFLX
If there’s one thing to give kudos to Netflix about, at least it’s not scared to be transparent. Sure, the company’s forecast for Q2 was probably modest in order to keep expectations at bay, but at least the warning of more pain ahead before a return to gain was an accurate reflection. And now we know it was just a major bump in the road as opposed to anything long-term.
So, while investors may be breathing a sigh of relief after better-than-expected Q2 results, the real test actually lies ahead. There are many headwinds, but the biggest headwind is out of Netflix’s control. The economic environment isn’t exactly making things easy, not just for Netflix, but for most. We are headed into another era of major uncertainty, as global economies are being shaken with worry of a potential recession. Though entertainment, and particularly streaming, generally tends to hold up well in recessionary times, not all recessions are the same and consumer behavior is even more challenging to predict.
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