Netflix‘s stock price has risen by 0.8 per cent this week, as market analysts suggest that the ongoing coronavirus outbreak may give a boost to the company.
The coronavirus has also caused a spike in China’s mobile gaming industry, with many of the most popular games reporting record usage levels.
BMO Capital Market analyst Dan Salmon wrote a research note, which said: “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.”
The virus has now killed more than 2,800 people around the world, and more than 82,000 people have been infected.