Why Netflix's Q3 Earnings Confirmed My Decision to Buy the Stock
A few days before Netflix (NASDAQ: NFLX) reported third-quarter earnings, I decided to buy some shares. While the latest round of numbers looks strong, with global streaming paid memberships reaccelerating to 9.4% year over year, my decision had nothing to do with short-term performance. Rather, I was encouraged with where Netflix is clearly headed over the long term.
With a recent hit like Squid Game, Netflix is proving it can cross cultural boundaries and appeal universally to everyone. It seems that Netflix's quest to dominate the global streaming market is only just beginning.
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Source Fool.com
