Netflix, Inc. (NFLX) reported a very solid second-quarter 2020, adding 10 million global subscribers and totaling 193 million subscribers worldwide. While the stock traded down significantly due to high expectations going into the earnings report, investors shouldn't get distracted by this volatility. Netflix is still a tremendous business and the stock is still worth owning.
Looking Back And Ahead
As readers may remember, in last year's Q2, Netflix shocked investors by only adding 2.7 million subscribers as opposed to the guidance of 5 million additions. Back then, I argued that Netflix would most