Netflix's post-earnings drop is a good buying opportunity, since abandoning its Warner Bros bid makes it again one of the highest-certainty names. The market is treating the Warner termination payment as a one-time gain and giving it no valuation credit, which is normal. Buying at reasonable levels is the long-term positive-expected-value play; waiting to bottom-fish, like a poker hero call, builds a losing habit. x.com  x.com 

Netflix's incredibly solid business and already-corrected stock offer great protection if the market crashes. x.com 

Netflix faces high costs to keep producing major hits, while live TV is expensive and competitive and viewing habits are changing rapidly. It remains a good business and the stock should eventually find support, but even after its decline it is not appealing at this level. x.com 

Netflix's control of its own content keeps growth avenues open even as quality and popularity ebb and flow. Production is costly, but being able to make more is hugely underrated. YouTube pays creators more than double what Netflix spends; its content is not free. Ads need time to gain traction, with live sports where they should prove their worth. Solid earnings outweigh weak short-term guidance; Netflix should become one of Wall Street's hottest stocks again, with targets well into the $150s. … Show more

Netflix's improving engagement and record free-cash-flow yield make its continued stock decline look misplaced. Viewing hours rose 24% year over year; CEO Greg Peters said Q3 churn improved globally and in the US, beating forecasts. CFO Spence Neumann expects sustained double-digit revenue growth. x.com  x.com 

Netflix's earnings growth cannot keep relying on price increases or a one-time ad-tier rollout when future ad growth depends on impressions. The password-sharing crackdown, ad tier and repeated price hikes amid declining time spent signal a mature business; podcasts and live sports look like attempts to find another growth leg. There is no reason to own the stock beyond its discount to historical valuation, which it should command. x.com  x.com 

Netflix's financials should benefit from a $2.8B payment from Warner Bros. plus subscription price increases, making it worth a small speculative bet. x.com 

Netflix's growing free cash flow leaves room to keep returning capital to shareholders. It repurchased about $4.8 billion of shares in Q3 and nearly $13 billion over the past 12 months, supporting long-term bullishness. x.com 

Netflix's post-earnings selloff is warranted, and the stock arguably should be down more, because the quarter was mediocre. Backing out the termination fee from the Warner Bros deal, EPS only met the midpoint of guidance, when guidance ranges usually carry enough cushion to make beat-and-raise quarters common. A post the author replies to also calls the guidance terrible. x.com  x.com  x.com 

Netflix's problems are solvable while it prints money, making the stock a bargain at this price with a huge moat and great franchise. Its strategy should include more movies in theaters, sports only at a reasonable cost, a fixed ad business, and buying Take-Two to own a game studio and IP; GTA6 is a huge opportunity to connect with younger viewers and run ads in-game. x.com  x.com