2 Jarring Ways Netflix Just Changed Its Tune on Growth

Demitri Kalogeropoulos, The Motley Fool
·3 min read
2 Jarring Ways Netflix Just Changed Its Tune on Growth

Netflix (NASDAQ: NFLX) shareholders endured painful losses in recent days after the company announced its second straight quarter of sales growth that fell beneath the critical 20% annual rate that it had easily surpassed over the last few years. In a conference call with Wall Street analysts, Co-CEO Reed Hastings and his team projected confidence about the long-term growth opportunity ahead. COVID-19 scrambled demand trends and added significant noise to Netflix's growth rate.

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