Analysts anticipate Netflix could hit 10 million new subscribers when it reports its first quarter earnings on Tuesday
Netflix, at least for now, has escaped the crippling economic damage that’s hit Hollywood and the world. In fact, it currently appears to be on a trajectory to hit record heights at a time that has proven difficult for just about every other media-service provider and production company.
Without a doubt, Netflix has looked like Teflon to the effects of the coronavirus outbreak, with the streaming giant trading at new all-time highs on Wall Street. The company’s share price has rocketed 30% higher in the last month, pushing to about $420 per share. Bolstered by “Tiger King” and a few other timely releases, Netflix has benefited from having millions of people suddenly compelled to stay home all day and, for a few days last week, even boasted a slightly higher market cap than Disney.