The Week Ahead: Netflix, Tesla, and Coca-Cola to Report Earnings
We also anticipate reports from Procter & Gamble, AT&T, and more big industry names.
In the second quarter, Netflix reported impressive subscriber growth as more people stayed home during the pandemic and demanded entertainment options. However, the U.S. subscriber base posted more customer additions quarter over quarter because the lockdown has lasted longer in the United States than in other countries. The entertainment company, which has a narrow Morningstar Economic Moat Rating, has come a long way since its inception as a DVD-rental-by-mail service, but it does face competition with Disney+, Peacock, and HBO Max. We expect to see the streaming service report on Tuesday.
Carole Hodorowicz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.