NFLX - As Ad-Supported Memberships Climb Is Now a Golden Opportunity to Buy Netflix Stock?
2024-07-21 05:48:00 ET
Netflix (NASDAQ: NFLX) saw strong growth in ad-supported memberships when it reported its second-quarter results, although investor reaction to the report was largely muted. Its stock is nonetheless still up about 33% on the year.
Let's take a closer look at the streaming service operator's Q2 results, how ads will play a growing role in the company's future, and whether now is a good opportunity to buy the stock.
Netflix reported strong second-quarter results with revenue jumping 16.8% to $9.6 billion. The company has seen revenue growth steadily accelerate over the past year, as seen in the table below.
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As Ad-Supported Memberships Climb, Is Now a Golden Opportunity to Buy Netflix Stock?