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3 Reasons Why Netflix Stock Is a Buy Now

3 Reasons Why Netflix Stock Is a Buy Now

Streaming company Netflix (NASDAQ: NFLX) has had a tumultuous year; the stock has fallen 65% over the past 12 months. Netflix has enjoyed a stellar decade of growth that saw revenue grow by an average of 25% annually. Netflix is profitable on the bottom line because of the accounting rules around its content expenses, but as you can see below, the company hasn't produced very much cash profits over the past 10 years.