![]() ![]() Within this amount, the (EMEA) region was the growth driver adding 4 million subscribers in the quarter. Global streaming paid memberships increased 11%, reaching 247.15 million, adding 8.8 million in the quarter, the strongest gain since Q2 2020 at the peak of the pandemic boom. ![]() Revenue of $8.5 billion climbed by 7.8% y/y. Netflix reported its Q3 earnings in October with EPS of $3.73 coming in $0.23 ahead of the consensus. Ultimately, Netflix is a high-quality category leader that justifies a premium valuation and we rate shares as a buy. Several operating and financial tailwinds support a continuation of the current rally and we see an upside to current earnings estimates. We've been impressed by the turnaround and see a path for NFLX to reclaim its all-time high by next year. A lot has changed, and it's time for an update. For what it's worth, the stock is still down from that bearish call. We last covered NFLX back in 2020 with an article alluding to what may have been some pandemic-era hype. Furthermore, a rebound in subscriber growth including success with the new ad-supported plan helps explain the current strength in the stock. Newfound earnings momentum with sharply higher margins and climbing free cash flow is the plot twist. ( NASDAQ: NFLX) has been a big winner this year with shares up 65%, skipping ahead of the disastrous 2022 episode when the stock lost more than half its value. Matt Winkelmeyer/Getty Images Entertainment ![]()
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