Netflix Drops Post Q3 Earnings. Is NFLX Stock Trading at a Bargain?

Netflix (NFLX) just released its third-quarter earnings report, and the market’s reaction was negative. NFLX stock is down more than 9% in intraday trading after results came in below expectations. Netflix continued to grow its paid memberships. Moreover, it benefited from higher subscription prices and expanding ad-supported plans. These efforts have been key drivers of revenue growth as the streaming platform seeks to diversify its income streams amid intensifying competition. More News from Barchart ...