Netflix: Waning Optimism

From “Netflix: Content, Variety, Quality” (July 2025):

“My decision to trim another ~200 basis points last week, following multiple trims throughout 2024, is a telling signal. At the same time, Netflix accounted for ~8% of my portfolio heading into the Q2 FY25 results, a weighting that clearly still suggests optimism around its future. The middle ground between those two actions strikes me as the appropriate place to be for now.”