Netflix shares fell after the company reported 2.2 million net additions in the quarter, missing its internal forecast and analyst estimates.Netflix said its "need for external financing is diminishing."
The streaming video giant reported 300,000 fewer global net subscriber additions than it forecast. NetflixThe quarterly results shouldn't distract faithful Netflix bulls from the driving reason they've been investing in the company, summed up concisely in three sentences from the company's shareholder letter.
The exact numbers aren't the important part. Here's the bottom line: Netflix is no longer burning cash.
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