Netflix looks to keep up its hot streak in the second quarter
News Source : Livemint
News Summary
- Netflix has notched six quarters in a row with double-digit revenue growth.
- The stock price has reflected that, up 129% since Netflix reported the first of those quarters in January 2024.
- For Netflix to keep up, the ad tier will have to continue its rapid growth.
- According to Nielsen’s June U.S. viewing data, Netflix easily tops all but YouTube, whose viewing share has increased from 9.9% a year ago to 12.8% in June, with Netflix trailing with 8.3%.
When Netflix reports its second quarter on Thursday afternoon, the Ginny & Georgia streamer will look to keep up a hot streak that began at the end of 2023. Wall Street analysts are expecting ear [+2498 chars]
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