NFLX: Good Enough


Netflix (NFLX) had been decimated to the tune of -70% over the last eight months heading into Tuesday afternoon’s 2Q22 earnings report. Tuesday’s report was by no means great but it suggests that NFLX can stop the bleeding. Paid subscribers – the company’s key metric – declined by only 970,000 compared to their guidance of 2 million. NFLX has more than 220 million paid subscribers around the world. Shares are currently +7% in the after hours.

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