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Why You Should Buy the Netflix Dip

TheMotleyFool

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Netflix (NASDAQ: NFLX) shares have been under pressure since it reported third-quarter earnings last week. The stock was immediately down 7% the day after earnings and remains at that level as of this writing.

But in a recession caused by a global pandemic that's still getting worse, there aren't many businesses with more certain long-term revenue and profit growth than Netflix. Here's why you should consider buying the Netflix dip.

Netflix is truly dominating the subscription video-on-demand (SVOD) market. Last week, the company reported that it ended the third quarter with over 195 million paid subscribers around the world, which represented 23% growth compared to one year earlier.

Source Fool.com

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