NFLX
NASDAQ · Communication Services · Entertainment · US
Research · Sep 20, 2026
[NFLX] Netflix: Q3 2026 Earnings Preview as the US Price Increase Hits a Full Quarter
Netflix grew Q2 2026 revenue 13% to $12.56 billion at a 33.4% operating margin; Q3 results will show whether a full quarter of US pricing stops the slide in UCAN growth.
Research · Sep 3, 2026
[NFLX] Netflix Thesis 2026: Ad Tier Scaling Tests Margin Expansion Path Past 30%
Netflix FY2025 revenue ~$43B (+13-15%) with operating margin expanding to 29.1% (from 17.8% FY2022) on password-sharing crackdown completion + ad-tier scaling + content investment discipline. Ad-tier reached ~70M MAU generating ~$3-4B advertising revenue. ~315M paid memberships (last reported metric). FY2026 thesis: revenue growth sustains 12-14% on ARM expansion (price increases + ad-tier monetization) replacing pure member-add growth; live programming initiatives (NFL Christmas Day games, WWE Raw weekly, FIFA Women's World Cup 2027) test sports rights economics; operating margin expansion toward 32-35% by FY2027 if content investment held at $17-19B annual; key risk: streaming competition escalates content arms race forcing margin compression.
Research · Apr 13, 2026
Stagflation Trade: XOM and NEM Ranked Ahead of GS and NFLX Earnings
Ahead of March PPI and GS/NFLX earnings, stagflation favors XOM, NEM, and COST over vulnerable banks and streamers. Energy and gold lead with strong FCF and margins, while GS faces growth headwinds. Ranked picks emphasize cheap inflation hedges.
Research · Apr 13, 2026
NFLX, JPM, BAC, WFC Q1 Earnings: Iran Ceasefire Rally Sets Up 10–15% Upside Case
The Iran ceasefire sparked a market rally just as NFLX, JPM, BAC, and WFC kick off Q1 earnings, per MarketWatch on April 9, 2026. Strong guidance, EPS beat history, and cheap bank vals position them to extend gains, with NFLX's ad/live momentum leading. Bulls eye 10-15% upside if beats confirm resilience.