Overview

• Netflix stock has fallen 5.5% in July, underperforming the broader tech market rally.
• Analysts project July 17 Q2 results to deliver $7.06 EPS on $11.04 billion in revenue.
• Analysts at Evercore ISI warn that Netflix’s roughly 41× forward earnings multiple leaves little room for error, while JPMorgan cautions that the stock’s upside may already be priced in.
• The ad-supported tier now reaches roughly 94 million global monthly users with ad revenue expected to double next year.
• Netflix’s content pipeline for the second half of the year includes new seasons of Squid Game, Wednesday and Stranger Things.