Maybe it's not a surprise, but Amazon (NASDAQ: AMZN) saw a lot of new Prime members sign up in 2020. What's more, it took Amazon about 21 months to go from 100 million to 150 million, so adoption clearly accelerated during the pandemic. As the economy reopens and people start having more options for in-store shopping, Amazon's now tasked with keeping all those Prime members happy while continuing to attract new ones.
Stocks pushed further into record territory last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained over 1%. Netflix has a hard act to follow after its 2020 fiscal year brought in a record-setting 37 million paying members and pushed the streaming video giant above 200 million users. Co-CEO Reed Hastings and his team will discuss the early results from their big push into feature-film releases as a natural extension of the dominant position they've built in TV series.
For Netflix (NASDAQ: NFLX), specifically, the big question is how the company's subscriber numbers will trend. Investors will get meaningful insight into Netflix's growth trends next week, when the streaming-TV company reports its first-quarter results. Netflix will also share its Q1 subscriber metrics and provide guidance for Q2 subscriber growth, giving investors a good idea of how subscriptions are trending in April.