Netflix Q2/2022 earnings review - have they turned the corner following their free fall
@KYHBKO:
Netflix's earnings report was released on 19 July 2022 and it saw a strong post-market rally as per below. However, is Netflix still a good investment with the latest earnings report?Netflix 1D chart as of 20 July 2022At the end of the trading hours, Netflix ended at close 04:00PM EDT with 201.63+10.71 (+5.61%) and 217.46 +15.83 (+7.85%) after hours: 07:59PM EDTThis remains an interesting rally as I break down the financials and the earnings report below. This was extracted from their shareholder letter: Q2 was better-than-expected on membership growth, and foreign exchange was worse-than-expected (stronger US dollar), resulting in 9% revenue growth (13% constant currency). I find the above statement to be misleading as per the table below:Netflix Q2/2022 summary results and fore