Netflix Is on Track for Its Worst Year Since 2022. Is the Investment Thesis Still Intact After Its Latest Earnings Report?
Viewing hours on the service are up in 2026, but the stock is down more than 26% year to date.
Overview
Netflix (NASDAQ: NFLX) stock is down more than 26% year to date, putting it on pace for its worst annual performance since 2022. The company released its second-quarter earnings report after the closing bell on July 16, and in response, the market sent the stock down by 7.3% on July 17. Revenue marginally missed analysts' consensus expectations, while management's guidance was consistent with its previous outlook.
Wall Street's negative reaction was more about the expectations game than the health of the business. Here's why Netflix is still in a solid competitive position in streaming.
Image source: The Motley Fool.
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Source
Originally published at www.fool.com.