Netflix (NASDAQ: NFLX) is due to report third-quarter earnings next Tuesday. The streaming leader's quarterly report is closely watched, as the stock tends to move by several percentage points on the news. Netflix's streaming business is maturing.
Netflix (NASDAQ: NFLX) essentially gave birth to the streaming content industry roughly 14 years ago and it has been reaping the benefits as a result. Despite consumers having more streaming content options, they seem to be sticking with Netflix, suggesting the company can coexist with others as folks instead maintain multiple streaming subscriptions. Let's consider that and other parts of its operating performance to determine if investors should consider buying Netflix stock right now.
More than 111 million households around the world have already watched Squid Game, the dystopian South Korean drama released last month on Netflix (NASDAQ: NFLX). Meanwhile, as the buzz around the series continues to grow, so has Netflix's share price.