Streaming giant Netflix has reported stronger-than-expected earnings, thanks in part to the weak US dollar. The company’s revenue increased by 21% year-over-year, beating analyst projections. A weaker dollar made imports cheaper for Netflix, boosting its international content offerings and reducing production costs. This combination contributed to a significant rise in subscribers, with the company announcing it has reached over 230 million users worldwide.
Source: https://www.barrons.com/articles/netflix-earnings-stock-price-1a543912