Netflix Stock Hits All-Time Highs as Subscribers Plan to Stay Post-Pandemic
Netflix (NASDAQ: NFLX) has seen record-setting viewer growth since the onset of the coronavirus pandemic. The streaming giant added an unprecedented 25.86 million subscribers in the first six months of 2020, nearly as many as it added in all of 2019. This left many wondering if the newly added customers would remain once the pandemic has passed. A recent analyst survey indicates that most Netflix subscribers plan to stick around.
The news drove Netflix shares to all-time highs, and the stock was up more than 11% as of this writing.
Image source: Getty Images.
Source Fool.com