Netflix Beats the Street! Is it Worthy of an Investment?
Netflix 3rd quarter highlights.
-> Added 5.3 million users around the world vs Wall St. expectations of 4.5 million
-> Plans to boost content budget to between $7 billion to $8 billion in 2018
-> Revenue rose about 30% to $2.99 billion in the third quarter
-> Net Income rose to $130 million
Netflix forecast 6.3 million additions for the current quarter. The majority of the company’s subscriber growth is coming from international markets. With Facebook and Apple looking to produce original video content and Disney pulling its content from Netflix, Netflix understands that though they have a head start, they need to keep improving.
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Is Netflix’s 3rd quarter results enough to warrant an investment?
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