Netflix Inc will tell investors on Tuesday how the ongoing COVID-19 pandemic affected membership in the third quarter - a period when analysts remain bullish on the company despite the return of live sports and more streaming competition.
Shares of the online video pioneer, trading close to an all-time high at US$530.79 on Friday, have jumped more than 75per cent since mid-March, when governments around the world imposed stay-at-home orders to help slow the spread of the novel coronavirus. During the same time, the S&P 500 has gained 44.8per cent.In July, Netflix forecast it would add 2.
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