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.

Wall Street opened higher on Friday, with investors weighing a week of mixed economic signals and earnings reports, while Netflix's blockbuster profit failed to spark much excitement.

Netflix's (NASDAQ:NFLX) second-quarter earnings beat expectations on top and bottom lines, and the streaming giant raised full-year revenue expectations. Shares of the company were down nearly 5% by midday on Friday.