Netflix Stock Soars After Ending Streak of Subscriber Losses: Does That Make Netflix Stock a Buy?

By Parkev Tatevosian, CFA – Oct 22, 2022 at 7:00AM

NASDAQ: NFLX

Netflix

Market Cap

$241B

Today's Change

(-0.31%) -$1.74

Current Price

$559.49

Price as of April 29, 2024, 4:00 p.m. ET

Netflix reported fiscal 2022 third-quarter results after the markets closed on Tuesday, Oct. 18.

After two consecutive quarters of subscriber losses, Netflix (NFLX -0.31%) ended the horrible streak by adding over 2 million subscribers in its most recent quarter. This video highlights the significant figures from Netflix's third-quarter earnings announcement to determine if Netflix stock is a buy right now.

*Stock prices used were the afternoon prices of Oct. 20, 2022. The video was published on Oct. 21, 2022.

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.