Is Netflix Stock a Buy Now?

Is Netflix Stock a Buy Now?

Netflix's (NASDAQ: NFLX) stock jumped 7% during after-hours trading on Jan. 19 following the company's fourth-quarter report. The streaming video leader's revenue rose 2% year

Netflix's (NASDAQ: NFLX) stock jumped 7% during after-hours trading on Jan. 19 following the company's fourth-quarter report. The streaming video leader's revenue rose 2% year

over year to $7.85 billion, which matched analysts' expectations. But its net income fell 91% to $55 million, or $0.12 per share, and broadly missed the consensus forecast by

over year to $7.85 billion, which matched analysts' expectations. But its net income fell 91% to $55 million, or $0.12 per share, and broadly missed the consensus forecast by

$0.38 per share. Nevertheless, investors were impressed by Netflix's growth in paid subscribers, which rose 4% year over year to 230.75 million and cleared its own forecast

$0.38 per share. Nevertheless, investors were impressed by Netflix's growth in paid subscribers, which rose 4% year over year to 230.75 million and cleared its own forecast

by 3.16 million. That also represented its second consecutive quarter of sequential subscriber growth after it lost subscribers in the first and second quarters of 2022.

by 3.16 million. That also represented its second consecutive quarter of sequential subscriber growth after it lost subscribers in the first and second quarters of 2022.

The expansion of Netflix's customer base alleviated some concerns about its potential loss of subscribers to Disney+ (NYSE: DIS), Warner Bros. Discovery's (NASDAQ: WBD) HBO

The expansion of Netflix's customer base alleviated some concerns about its potential loss of subscribers to Disney+ (NYSE: DIS), Warner Bros. Discovery's (NASDAQ: WBD) HBO

Max, and other aggressive competitors. But does it actually make Netflix's stock -- which remains more than 50% below its all-time high -- a compelling buy? Its slowdown could

Max, and other aggressive competitors. But does it actually make Netflix's stock -- which remains more than 50% below its all-time high -- a compelling buy? Its slowdown could

end in 2023 Netflix's growth in revenue and paid subscribers cleared its own forecasts, driven by high viewership numbers for Wednesday, Harry & Meghan, Glass Onion: A

end in 2023 Netflix's growth in revenue and paid subscribers cleared its own forecasts, driven by high viewership numbers for Wednesday, Harry & Meghan, Glass Onion: A

Knives Out Mystery, Troll, and other original content. But both growth rates have still decelerated on a year-over-year basis over the past year.  Metric

Knives Out Mystery, Troll, and other original content. But both growth rates have still decelerated on a year-over-year basis over the past year.  Metric

Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Revenue (billions) $7.71 $7.87 $7.97 $7.93

Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Revenue (billions) $7.71 $7.87 $7.97 $7.93

$7.85

$7.85