- Netflix traded about 43% below its 52-week high at $72.39 and at roughly 20 times forward earnings.
- Second-quarter revenue rose 13% year over year to $12.6 billion, while the company’s third-quarter forecast implies revenue growth of about 12%.
- Netflix shares fell to a 52-week low following second-quarter results that included revenue growth from membership gains, pricing, and ad revenue but missed consensus expectations.
Quotes
“The rapid-growth premium, in short, is gone.”
“That’s a clear deceleration.”