News Summary

• Netflix took in revenues of more than $12.5 billion in the three months to the end of June.
• From that, it recorded a profit of $4.2 billion - about 11% higher year-on-year.
• Yet, the stock market is less than impressed with Netflix.
• Its share price fell around 10% in the immediate aftermath of the results.
• They're down almost 20% so far this year, and are nearly 40% lower over the past 12 months.
• One of the big headwinds facing Netflix right now is the fact that its so-called content pipeline isn’t looking as strong as it had in previous years.
• Stranger Things and Squid Games, which were two huge subscription drivers in the past, are both now finished.