Is Netflix A Buy After This Latest Plot Twist?

Reda Farran

3 months ago5:16 mins

Is Netflix A Buy After This Latest Plot Twist?

What a year it’s been for Netflix. Back in April, the streaming giant announced it had lost viewers for the first time in a decade in a shocking update that sent its stock price down 35% in a single day. I wrote back then about whether the firm could turn things around and whether you might want to think about buying shares. So with the firm reporting a return to growth this week, it’s a good time to revisit that investment thesis.

What did Netflix report?

After losing subscribers during the first half of the year, Netflix added 2.4 million customers in the third quarter, growing in all regions of the world and e

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