Netflix Isn’t Broken. The Valuation Still Might Be.

Описание: Netflix just reported strong earnings — beating on EPS, revenue, and ad growth — yet the stock dropped 5% after hours and is now down nearly 30% in six months.

So what’s really going on?

In this video, I break down why Netflix stock fell despite a solid earnings report, and why the real risks have nothing to do with the Warner Bros Discovery acquisition.

We’ll go beyond headlines and analyze:

Netflix’s 2026 revenue growth guidance

Slowing engagement growth vs rising content spend

Competitive pressure from YouTube and streaming rivals

Why valuation matters more than excitement

The difference between a good business and a safe investment

I also walk through my fair value assumptions, explain why waiting is a position, and share the exact price levels where Netflix would become more interesting for me.

This is not financial advice.
It’s a calm, risk-focused discussion for long-term investors who care about margin of safety, not hype.

👇 Drop your thoughts in the comments — especially if you disagree. That’s how we all get sharper.

⏱️ YouTube Chapters (Timestamps)

00:00 Intro
00:28 My History With Netflix Stock
00:48 Bull Case
01:15 Why the WBD Acquisition Is Not the Real Issue
01:47 Risk #1: Slowing Revenue Growth Guidance
02:20 Risk #2: Engagement Growth vs Content Spending
03:19 Risk #3: Rising Competition & Earlier Content Spend
04:00 Risk #4: Buybacks Paused & Share Count Flattening
04:20 Valuation Reality: Cheap vs Safe