PodcastDeep ValuesOctober 22, 2026
Netflix Prints $11B Cash. Why Did the Stock Crash to $65?
Deep Values argues Netflix trades 32.8% below its $96.82 DCF intrinsic value despite record free cash flow.
- Cash machine confirmed: Netflix generated $11.3B trailing free cash flow with a 34.6% operating margin in Q3 2026, up from a cash-burn era of 2014-2020.
- Stock drop causes: Shares fell to $65.04 after revenue growth decelerated to 11.8% (from 17.6%), ad revenue guidance was cut from $3B to $2.7B, and Q4 flagged a $161M restructuring drag.
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Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.