What Netflix Just Revealed Means Its Stock Could Soar
Investors weren't put off by Netflix's (NASDAQ: NFLX) mixed earnings report last week, and Netflix stock ended the week at a year-to-date gain of 23%. Investors might be seeing more potential in the company's ability to evolve, and we've already seen Netflix demonstrate this when it went from being a DVD-rental website to a streaming company to a content creator.
The most impressive update in the earnings report was probably the beat on new subscribers, and that was due to the breakout hit Squid Game. That's great news, because it means that as Netflix develops more and better content, all of its metrics should improve.
Image source: Getty Images.
Source Fool.com
