Netflix and other 'stay at home' companies benefit from coronavirus

Coronavirus is keeping people at home, with Netflix an 'obvious beneficiary' of COVID-19 spreading.

Published Sat, Feb 29 2020 10:36 PM CST   |   Updated Tue, Nov 3 2020 11:44 AM CST

With coronavirus or COVID-19 spreading throughout the world, 'stay-at-home' companies like Netflix are benefiting the most according to industry analysts.

Netflix and other 'stay at home' companies benefit from coronavirus |

BMO Capital Market analyst Dan Salmon wrote in a research note on Friday that Netflix "is an obvious beneficiary if consumers stay home due to coronavirus (COVID-19 virus) concerns, and this has been reflected in considerable stock price outperformance this week". Netflix shares were up 0.8% this week, after the worst sell-off on Wall Street in close to 9 years.

It's not just Netflix that is an "obvious beneficiary" of the coronavirus keeping people safer at home, but more internet-connected customers and services are benefiting. These include Facebook, Amazon, and others -- but throw in Microsoft, Sony, and every game developer and streaming service out there -- hell, including NVIDIA's just-launched GeForce NOW service into the mix.

They're all benefitting from people staying at home right now, with MKM Partners analyst JC O'Hara writing: "We tried to identify what products/services/companies would potentially benefit in a world of quarantined individuals. What would people do if stuck inside all day?".

Buy at Amazon

Contagion [Blu-ray]

TodayYesterday7 days ago30 days ago
* Prices last scanned on 11/30/2021 at 7:11 am CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles