Netflix: The Days of Rapid Growth Are Over
The streaming leader's Q2 revenue was below what Wall Street was expecting.
Overview
When Netflix (NASDAQ: NFLX) reported its financial results for the second quarter, shares initially sold off. Revenue had increased 13.4% year over year to $12.6 billion, but this figure came in below Wall Street forecasts.
Investors must understand that this streaming stock is now in a different phase of its life cycle. The days of rapid growth are over for Netflix.
Image source: Netflix.
Details
Source
Originally published at www.fool.com.
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