Up 33% Year to Date, Is Netflix Stock Still a Buy?

I'll be honest. A few years back I thought that the rising streaming wars would take the wind out of Netflix's (NASDAQ: NFLX) sails. I could not have been more wrong. The stock has gained 33% year to date (at the time of writing), and outpaced the S&P 500 by 45% over the last five years.Why was I wrong? Because the company has significantly improved its net income over the last few years, while creating strong forecasts for the coming quarters. It's done this through a blitz of content, and streamlining operations to improve the bottom line.Netflix hit a low point in 2022, when revenue dipped to 6.64% growth, and net income fell 12.2% year over year to $4.49 billion. Since then, things are coming back, and it's demonstrated in the share price.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool