Netflix and other leadingstreaming service stockshave been discounted to the point that any incremental revenue growth opportunity is good news. If near-term catalysts boost margins, that's even better.
The stock's current valuation of 23 times expected earnings still prices in the expectation for growth, so the company needs to turn its subscriber losses into gains quickly. Netflix will announce third-quarter earnings results on Oct. 18. Management expects to report a subscriber increase of 1 million, which would be its first gain since the fourth quarter of 2021.$Netflix(NFLX)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments