The trading world grabbed their popcorn as they prepared for Q3 earnings 2021 of the biggest streaming company in the world Netflix. The stock originally surged during the pandemic as cinemas shut down and movies stopped being produced which meant more TV shows and backdated were in high demand.
2021 Q3 Earnings stats:
- 4.4Million users
- $3.19 earnings per share.
- $7.48 billion revenue
These were the key stats that showed solid growth but perhaps not as big as they hoped plus if it wasn’t for Squid Games they might have fallen short of all targets. A lucky break!
At the time of writing this (October 21st 2021) the shares are currently valued at $644.31 which is just a tiny % of their all-time high.
Netflix is going nowhere and with yearly production budgets of $19Billion, they will continue to create content that the world wants to see. Currently, with approximately 209Million users there is also an incredible growth rate that can still continue. There will be a pullback but this bullish stock has the chance to go to the moon.
