Netflix plummets to $65! My reasons why I still see potential in the streaming giant!

Netflix achieves double-digit growth, record profits, and increasing free cash flow despite lacking a megahit! A new global content hit would be an additional lever, not a prerequisite for today's business!
Andreas Wimbauer
A. Wimbauer
Reading Time: 2 minutes

After the quarterly results, Netflix (i)(NFLX) was sold off by about 5% to approximately $65. Were the numbers really that bad? For me, clearly: No. Of course, there is one point of criticism. Revenue increased by "only" 11.8% to $12.87 billion in the third quarter, the weakest growth in about three years. At the same time, however, Netflix increased its operating margin from 28.2% to an impressive 34.6%. Net income jumped to $3.66 billion, and free cash flow to $2.88 billion. Meanwhile, Netflix repurchased 63.9 million shares for about $4.8 billion....

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