Don’t be too down on the stock based on Friday’s move, though. This was still a solid set of results that showcased the strength of Netflix’s “flywheel” business model —whereby it can carry on growing its margins by reinvesting its profit into producing content, which in turn attracts more users.

U.S. stock index futures inched higher on Friday, buoyed by signs of a resilient U.S. economy, even as Netflix's market-beating quarterly profit failed to dazzle investors.

While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric,