Netflix beat. Then cut its ad target by $300m.

$NFLX made more profit than expected last night. So why did the stock drop about 4%?
Because Netflix now expects to make less from ads this year: about $2.7bn instead of $3bn.
The important part is the reason. Advertisers didn't stop spending. Netflix's own ad tools just took longer to launch.
That's a Netflix problem, not a demand problem.
Tonight $META reports, and Meta makes almost all its money from ads. That'll tell us more. I hold Meta.
Would you buy Netflix on this dip?
My own view, not advice. Capital at risk.
#Netflix #Earnings #Investing

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1 Comments

Nate

@hoodnate · 15d

i like the read that it is a netflix problem not a demand problem. watching meta tonight first

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