Netflix stock surges on strong Q3 earnings

Revenue up 8%,  EPS up 20%

Paid subscribers grow 11% to 247.15 million

Operating margin expands to 22.4%

Full-year FCF forecast raised to $6.5 billion

Stock buyback authorization boosted to $10 billion

Bear case: Growth slowdown, competition

Bull case: Continued growth, margin expansion

Is Netflix stock a buy?

Investors weigh the pros and cons