Why This Netflix Analyst Sees ‘More Questions Than Answers’ in Q2 Results

Why This Netflix Analyst Sees ‘More Questions Than Answers’ in Q2 Results
The Netflix logo on top of their office building in Hollywood, Calif., on Jan. 20, 2022. Robyn Beck/AFP via Getty Images
|Updated:
0:00
Netflix, Inc. reported mixed second-quarter results late on Tuesday, but its stock rose in reaction to a fewer-than-expected loss in net subscriber additions.

The Netflix Analyst

KeyBanc Capital Markets analyst Justin Patterson maintained a ’sector-weight' rating on Netflix shares.

The Netflix Thesis

KeyBanc sees “more questions than answers” in Netflix’s second-quarter earnings report, Patterson said in a note. Net adds delivered upside but the content was weighted toward the January-July period, the analyst said.

Advertising is making progress but it will skew toward a few markets in 2023, Patterson added.