Wall Street’s initial reaction to the latest financial results out of Netflix (NASDAQ: NFLX) was uninspiring. The stock inched lower after posting its second-quarter numbers after Tuesday’s market close.
It wasn’t a perfect report. A sequential dip of 400,000 subscribers in the U.S./Canada region isn’t a good look. Its guidance for the current quarter was mixed. However, there is still plenty to like in the update. Let’s go over some of the things that should make new Netflix investors and longtime shareholders like me smile.