Friday, 18 January 2019 09:28

Why You Should Still Buy Netflix

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(San Francisco)

Netflix saw a big selloff on the report of its earnings yesterday. However, don’t be fooled by the market’s reaction, the data was strong. Netflix’s big narrative right now is about whether it can expand internationally. Guess what, international subscriber numbers from yesterday’s earnings blew away expectations, with 7.3m overseas subscribers versus expectations of 6.13m. US subscribers saw a slight miss, which likely caused the price decline.


FINSUM: Netflix does seem like a good buy to us. They are raising prices and growing strongly. We don’t think the price hike will deter many customers.

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