Jun. 27 at 1:01 PM
$NFLX The disconnect between price and fundamentals here is completely staggering. We just retested the
$71–
$72 macro pivot point—the exact structural shelf from 2024—but the underlying business is completely transformed.
A quick reality check:
* **Subscribers:** 330M+ now vs 277M then (+53M users)
* **Revenue:**
$51.2B vs
$33.7B (+52% top-line growth)
* **Net Profit:**
$11.0B vs
$5.4B (Profits have literally doubled)
* **Free Cash Flow:**
$12.5B vs
$1.4B (9x compounding cash engine)
* **Operating Margins:** 31.5% vs 21.0% (+1,050 bps expansion)
Friday's massive 74M share capitulation confirms institutions recognized this deep valuation disconnect.