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3 Positives from Netflix's Disappointing Earnings

3 Positives from Netflix's Disappointing Earnings

Netflix (NASDAQ: NFLX) is suffering a hangover from 2020 that's worse than anyone anticipated. The streaming leader added just 4 million subscribers in the first quarter, and management expects to add a paltry 1 million this quarter. Netflix's own guidance was for 6 million first-quarter net additions, and Wall Street analysts previously expected Netflix to add 4.4 million subscribers in the second quarter.