Jim Cramer has some thoughts on Netflix's nflx quarter.
But first, let's talk about the quarter in general.
Netflix reported earnings for the three months ending in December came in at $1.30 per share, smashing the Street consensus forecast and four times higher than the same period last year. Group revenues, Netflix said, rose 30.5% from last year to $5.467 billion, just ahead of analysts' forecasts of a $5.45 billion tally.
Netflix also said its international subscriber base rose past the 100 million mark for the first time, with paid additions rising by 8.76 million in the quarter, topping the Refinitiv forecast of 7.63 million.
Here are the three things that impressed Cramer this quarter.
"The first one is the original content. 50% is now original is much stronger than when they're just getting the content from others. So like, yeah, worried about friends, blah, blah, blah. Second, don't focus on domestic," said Cramer. "International uptake is fantastic. And that means that they have local programming that can't be beaten. The third is their artificial intelligence. So if they have a show from Korea that they think matches what you want, you'll get it."
Watch the full video above for more.
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