A Netflix Boom
For the previous two quarters, Netflix has returned lackluster performance which can be blamed on rising subscription cost and lower subscription growth. However, after this quarter’s earnings report, Netflix’s shares soared by more than 20%. While Netflix increased its price to consumers this quarter, analysts believe that Netflix original Stranger Things, along with other originals series, have helped bring the company out of its lull it had been experiencing. While this is good news for the short term, because of massive spending on developing new shows, Netflix is not out of the woods just yet.
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