In today's edition of MarketFoolery, host Chris Hill and analysts Joe Magyer and Tony Arsta look at the one number investors need to watch at Netflix today.

Joe thinks that bulls and bears will read this quarter differently, with each group having a few metrics they can identify to prove their case. At the end of the day, though, one of the most telling metrics for this company will be the cost of content.

Chris Hill and Joe Magyer own shares of Tony Arsta has no positions in the stocks mentioned above. The Motley Fool owns shares of and Netflix. Motley Fool newsletter services recommend and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.