8 Million Reasons to Like Netflix Stock

Neil Patel, The Motley Fool
·4 min read
8 Million Reasons to Like Netflix Stock

2022 was a wake-up call for Netflix (NASDAQ: NFLX) shareholders, as the entertainment innovator got off to a rocky start, losing 1.2 million customers in the first six months of the year. Netflix's 7.7 million customer additions exceeded not only management's internal forecast of 4.5 million but Wall Street's expectation of just under 4.6 million. In the U.S. and Canada, otherwise known as the UCAN region, Netflix added 910,000 new members during the three-month period, the most in any single quarter in the region since Q4 2021.

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