5 Reasons Netflix Stock Climbed After Earnings
The world has changed so much in just a short few months. With consumers worldwide sequestered at home as part of efforts to quell the spread of COVID-19, Netflix (NASDAQ: NFLX) was one of the few companies positioned to provide a compelling catalog of in-home entertainment. So when the company reported its first-quarter earnings Tuesday afternoon, it wasn't too much of a surprise that the streaming giant revealed that viewers around the globe have flocked to its platform.
What was a bit surprising was just how many people sought refuge in streaming, though Netflix tried to temper investor enthusiasm by saying that some of the startling growth was likely pulled forward, resulting in slower growth rates in the future.
Even after a price boost of more than 35% year to date, Netflix stock edged higher in after-hours trading. Let's look at a few of the reasons that Netflix stock continues to trudge higher.
Source Fool.com
