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Netflix Crushed Subscriber Estimates. Why Is the Stock Down?

Was Netflix stock priced to perfection?

By Neil Rozenbaum – Jul 20, 2023 at 7:04AM EST

In this video, I will talk about Netflix's (NFLX 1.74%) second-quarter earnings report, which beat the bottom line and subscriber estimates. Investors will be surprised by the extra information we got with regard to paid-sharing, advertising, and the impact of the writers' strike.

*Stock prices used were from the trading day of July 19, 2023. The video was published on July 19, 2023.

Read Next

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

Stocks Mentioned

Netflix Stock Quote
Netflix
NASDAQ: NFLX
$91.98
(-1.74%)-$1.63

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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