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What Netflix Just Revealed Means Its Stock Could Soar

·4 min read
What Netflix Just Revealed Means Its Stock Could Soar
In this article:
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  • NFLX

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. Squid Game is Netflix's most-watched show ever, bringing in 4.4 million net new paid subscriptions in the third quarter, double the number last year, when streaming exploded due to lockdown orders.