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Netflix: UBS still a buyer after results

( - UBS confirms its buy rating on the stock, along with its $500 target price after the group announced its Q3 2023 results.

The analyst welcomes the return to double-digit growth.

UBS points out "A strong print with better subscribers, accelerating revenue growth and strong margin/FCF commentary".

Netflix reported Q3 EPS of $3.73, up 20% y-o-y and ahead of consensus. The group recorded a 10.8% increase in the number of subscribers to 247 million.

Netflix anticipates Q4 EPS of $2.15, an operating margin of 13.3%, revenues of around $8.69bn and operating profit of $1.16bn.

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