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Netflix Q2 Results Will Be COVID-19 Bellwether For Battered Entertainment Sector

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deadline.com
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Dade Hayes Finance EditorWhen Netflix reports second-quarter results on July 16, kicking off earnings season in the media sector, its subscriber tally and other numbers will offer an initial gauge of how COVID-19 has redrawn the industry map.Wall Street analysts in recent days have also speculated that another round of solid results could set the company up to be able to more easily raise prices in 2021 or 2022.

Investors continue to believe Netflix has room to run, pushing its shares to an all-time high past $492 last Thursday before they closed at $476.89.

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