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Netflix, Inc. (NFLX) reported $2.661 billion in Q1 free cash flow (FCF), a 24.5% YoY gain and up +93% over the prior quarter. Moreover, its FCF margin shot up to 25.2% from 15% in Q4, implying NFLX stock could be worth much more.
NFLX closed up 1.2% to $973.03, but the Thursday, April 17, earnings release came out after the close, and markets were not open on Friday, April 18. As a result, NFLX stock is poised to open 3.47% to $1,006.79 on Monday, April 20.