Netflix Inc: Continued Double-Digit Revenue Growth & 20%+ Profit Growth, Though Engagement Concerns Persist; Remain Overweight w/$85 PT-20260717
Netflix Inc Continued Double-Digit Revenue Growth & 20%+ Profit Growth, Though Engagement Concerns Persist; Remain Overweight w/$85 PT NFLX shares traded down ~9% post-close on concerns around engagement, monetization, & returns on content spending. Engagement growth of +2% was essentially in-line with our previewed investor expectation of +2-3%, but there are questions on subscriber growth, especially as Netflix shifts the engagement report to annual, tests free trials, and more broadly evolves its pricing ...