3 Reasons Why Investors Should Buy the Latest Dip in Netflix Stock [Yahoo! Finance]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations:
ir.netflix.com/investor-relations
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Source: Yahoo! Finance
According to the company's earnings report for the first quarter of 2024, it extended its lead at the top of the industry as its subscriber base grew to a new record high. Unfortunately, investors sent Netflix stock plunging 9% immediately following the release of its Q1 results. They appeared to take issue with management's decision to cease reporting subscriber figures beginning in 2025. Broader stock market conditions didn't help, because the Nasdaq-100 technology index sank 6% last week, exacerbating Netflix's decline. Despite this seemingly gloomy backdrop, there are three reasons investors should take this opportunity to pounce on the stock. 1. Subscriber growth continues to accelerate Netflix added 37.1 million subscribers during Q1 compared to the year-ago period, taking its total to 269.6 million. That was good for a 16% increase, which was more than 3 times faster than the growth the company delivered in Q1 of 2023, and it marked the fifth straight quarter of acceler
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NFLX
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- 4/18/24 - Beat
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- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- NFLX's page on the SEC website