Netflix Subscriber Growth Will Pick Up in the Second Half
Netflix (NASDAQ: NFLX) disappointed investors when it reported fewer than 4 million net subscriber additions for the first quarter and forecast a measly 1 million net adds for the second quarter. The hangover from 2020's streaming bonanza hit Netflix, and it hit hard.
But after a couple of quarters of recuperation, Netflix is set to bounce back to its normal self again, potentially adding 10 million to 15 million subscribers in the back half of the year, similar to normal times. Credit Suisse analyst Douglas Mitchelson thinks subscriber growth will normalize by the fourth quarter, based on information from a proprietary survey. Here's why Netflix's second half should look much better than the first half.
Image source: Netflix.
Source Fool.com
