$Netflix(NFLX)$ reported its third-quarter earnings, beating expectations on both earnings per share (EPS) and revenue, while also surpassing subscriber growth estimates. On the surface, these results might seem like a big win for Netflix, especially with ad-tier memberships jumping 35% quarter-over-quarter. However, I believe this growth might not be as organic as it appears. While Netflix remains a stable and profitable business, I see some red flags regarding the sustainability of its future growth. Breaking Down the Numbers First, let’s look at the key figures from Netflix’s Q3 report: Earnings per share: $5.40, beating expectations of $5.12. Revenue: $9.83 billion, surpassing estimates of $9.77 billion. Paid memberships: 282.7 million, narrow
Netflix Beats Again! Still Good Chance to Add at $700?
Netflix released a strong third-quarter earnings report, with revenue and profits exceeding expectations, and a significant increase in operating profit margin. However, user growth in the U.S. and Canadian markets was below expectations. The stock surged 6% in after-hours trading. It hits an all-time-high of $736 last Friday. ------------ Can Netflix break the resistance level? The next price target is $750 or $800?
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