Netflix Stock's Growth Story Could Make a Comeback
Streaming service company Netflix (NASDAQ: NFLX) has had a rough year on Wall Street. Year to date, shares have cratered more than 60%. But the stock has gained steam over the last three months, with shares rising more than 22% during that period. Investors may be betting that the streaming platform specialist returned to sequential subscriber growth in the third quarter.
We'll find out exactly how Netflix fared in Q3 when the company reports earnings next week; it's scheduled to report its third-quarter results on Oct. 18.
Whether or not the company returned to subscriber growth in Q3, one key catalyst -- the launch of an ad-supported tier -- may do the trick for the company next year.
Source Fool.com
