Good morning. Netflix’s stock fell again after the streaming giant reported second-quarter earnings on Thursday, extending a selloff that has erased roughly a third of its value since April. While investors remain concerned about slowing engagement and a softer-than-expected outlook, analysts say the market may be overlooking the company’s long-term growth story.
For Q2, Netflix reported revenue of $12.56 billion, up 13% year over year but just shy of the consensus analyst estimate of $12.58 billion. It posted an operating margin of 33.4%, down from 34.1% in the year-earlier period.
