Netflix's Growth Is Stalling, but That's OK
Investors found reasons to change the channel on Netflix (NASDAQ: NFLX) this past week. While the streaming-video leader beat its Q2 growth forecast, share prices fell on worries that the business won't bounce right back following the pandemic-related slowdown that's hurt subscription rates in 2021.
Never mind that Netflix is on pace to add nearly 30 million new members in the past year while boosting profitability. Wall Street wanted more.
In a conference call with analysts, co-CEOs Ted Sarandos and Reed Hastings explained why they believe the business is stronger than ever, with growth likely to accelerate in late 2021. Let's look at a few highlights from that presentation.
Source Fool.com
