Netflix stock jumps up as more people streaming at home

Earlier, the US Senate passed a $2 trillion coronavirus bailout to support consumers and major businesses

Netflix

Netflix stock jumps up as more people streaming at home. Source: freepik.com

According to LearnBonds, Netflix has risen up by more than 6% at $363 due to government bailouts. Besides, the data says that the company is well placed to gain more subscribers to its streaming platform as COVID-19 forces millions of people to stay in their homes.

Due to its monthly subscription-based revenue model, Netflix is likely to add subscribers over the next 12 to 18 months as the longer-term effects of the outbreak are felt. However, the company might not see a bump to its bottom line in the short-term.

In addition to that, a recent response plan from the US government states that the virus epidemic may last for 18 months or more. This way, recent social distancing and quarantine policies might bring dome positive impacts to Netflix.

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