So Netflix’s earnings are out and the stock is up over 14%. They did $3.10 in earnings per share versus the $2.13ent estimate on revenue of 7.93 billion versus 7.83 billion. That double beat.
Netflix (NASDAQ:NFLX) Reports Earnings
Wait, there’s more. The real reason why the stock is moving is because of their subscriber numbers. They added 2.4 million subscribers for the quarter, which crushed the 1.1 million added estimate.
That ladies and gentlemen, is what is moving the stock because last quarter they reported maybe the one before that, which really caused the stock to crash.
They actually lost subscribers and you maybe ask yourself about You are right, they do. But get this. In the UK, Netflix (NASDAQ:NFLX) accounts for 8.2% of video viewing.
That’s 2.3 times more than Amazon and 2.7 times more than Disney+. In the US Netflix (NASDAQ:NFLX) accounts for about seven and a half percent of video viewing, 2.6 times Amazon and 1.4 times Disney+. That’s crazy.