HomeInvesting VideosNetflix’s Earnings Are Out And The Stock is Up

Netflix’s Earnings Are Out And The Stock is Up

Stas SerfesOctober 19, 2022October 27, 2022VideoInvesting Videosearnings report, investing, investing news, investment, investments, market update, NASDAQ:NFLX, Netflix, Netflix earnings, netflix stock, stock market, stock market news, stock market tips

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.

About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.