Is Netflix Stock a Buy Now?
Netflix's (NASDAQ: NFLX) stock jumped 7% during after-hours trading on Jan. 19 following the company's fourth-quarter report. The streaming video leader's revenue rose 2% year over year to $7.85 billion, which matched analysts' expectations. But its net income fell 91% to $55 million, or $0.12 per share, and broadly missed the consensus forecast by $0.38 per share.
Nevertheless, investors were impressed by Netflix's growth in paid subscribers, which rose 4% year over year to 230.75 million and cleared its own forecast by 3.16 million. That also represented its second consecutive quarter of sequential subscriber growth after it lost subscribers in the first and second quarters of 2022.
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Source Fool.com
