Netflix’s stock tumbled 48% from its peak after a mixed Q2 report—beating earnings but missing revenue and future guidance—just as co-founder Reed Hastings stepped down as chairman. Yet, with 325 million subscribers, it still dominates streaming, rolled out a cheaper ad-supported tier, and is betting big on live sports to lure viewers and advertisers. Ad revenue is projected to hit $3 billion this year, double last year, while EPS slightly exceeded forecasts. At a P/E of 21.7—way below its five-year average and the Nasdaq-100—Netflix may be undervalued, especially with massive global growth potential. Slowing growth is expected for a mature giant, but the opportunity ahead remains huge—and this dip could be a smart entry point for investors.
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