LIVE: Netflix reports earnings for Q3, as Wall Street looks for another show of strength amid the pandemic

  • Date: 21-Oct-2020
  • Source: Business Insider
  • Sector:Financial Markets
  • Country:GCC
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LIVE: Netflix reports earnings for Q3, as Wall Street looks for another show of strength amid the pandemic

Wall Street expects Netflix to surpass its subscriber-growth targets and add 3.3 million paid subscribers when it reports on its third quarter on Tuesday.

The investor confidence comes after Netflix blew away Wall Street's estimates during the first half of the year, as the pandemic boosted streaming viewership. 

Still, Netflix has warned that its record-setting subscriber growth will inevitably slow down.

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This post will be updated to reflect Netflix's third-quarter performance when it becomes available.

Wall Street expects Netflix to surpass its subscriber-growth targets for the third quarter, adding 3.3 million paid subscribers when it reports earnings on Tuesday.

The streaming service blew away analyst estimates for subscriber growth during the first two quarters of 2020 as the pandemic boosted streaming viewership.

But Netflix also forecasted that growth