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What podcasters are saying about Netflix (NFLX)
Summary
In the past 30 days, 17 speakers on 9 finance podcasts discussed Netflix (NFLX) in 29 views. Going by each speaker's latest call, 10 are bearish and 6 are bullish. Chorus has followed Netflix since October 19, 2026.
Who talks about it most
- Josh Brown · 4
- Michael Batnick · 3
- Alicia Reese · 3
- Ben Carlson · 2
- Rich Greenfield · 2
- Mark Mahaney · 2
- Jason Snipe · 2
- Laura Martin · 2
- Jim Cramer · 1
- Steve Eisman · 1
The latest views
Newest first. Every quote is checked against the episode's transcript.
Josh Brown · Ritholtz Wealth ManagementUncertain
Netflix's stock slump reflects a time-spent comparison with YouTube it cannot control; the business is fixable.
Brown bought Netflix at about $100 (down from $140), added in the 80s and 60s, sold half in the 70s before earnings, and says it is now around 63, calling it a slow bleed. He argues the problem is that Wall Street fixates on time spent, where YouTube has about twice Netflix's viewing time and has lapped it. He discounts how meaningful that is, since autoplay inflates YouTube's hours. Netflix is hugely profitable (around $3B a quarter) and expanding internationally, and its weak programming can be fixed with a $20B annual budget. Premium content that viewers actively choose should signal sticky subscriptions and future cash flows, so Netflix should double down on quality. Trying to be YouTube-light with podcasts and video games will not work. He cites East of Eden as the best thing they've made in five years.
“I think the big problem for Netflix, they're being compared to something that they can't do anything about.”at 1:12:17
Prof G Markets: Josh Brown: If This Is A Bubble, It’s Pathetic ·
Jim Cramer · CNBCBearish
Netflix's stock can't lift because its content is scattered across rival platforms, hurting viewer loyalty.
Cramer says the stock has been unable to rally and that he watches Netflix all the time, yet people no longer reliably know which service carries a given movie, such as a Ben Affleck film. Because a show could be on Amazon, HBO or Apple instead, viewers don't default to Netflix. He calls this Netflix's biggest problem. The support is anecdotal and he gives no subscriber or engagement data.
“And that's Netflix's biggest problem. [...] Maybe it's on Amazon. Maybe it's on HBO. Maybe it's on Apple. I mean, like, who even knows?”at 42:12
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Michael Batnick · Ritholtz Wealth ManagementBearish
Netflix's growth is rolling over and it won't grow as it once did, despite strong results.
Batnick says the business looks strong: incremental run-rate revenue of about $12.8B over 24 months, more than the direct-to-consumer revenue of Peacock, HBO Max and Paramount individually, and rising operating income. He still says the stock stinks. It is down about 6% over five years despite a 94% rise in queues (probably meaning subscribers, though the transcript says queues). He argues the company is maturing, with no levers left to restore its past growth, and that YouTube has pulled ahead in TV viewing time, with Netflix now at about half of YouTube's. He acknowledges it is not dead and notes caveats such as slowing growth and YouTube competition.
“It will never grow like it has in the past ever again. There's no more levers to... It's more mature company... So the growth is rolling over.”at 52:57
Animal Spirits: Why Baby Boomers Have All the Money (EP. 488) ·
Ben Carlson · Ritholtz Wealth ManagementUncertain
Netflix isn't dead; it has a brand moat and time to turn around, but its content has lost ground to Apple.
Carlson disputes the view that YouTube has killed Netflix, saying he would not call it a dead company and that its brand recognition gives it a built-in moat with people still clicking there. He argues the problem is content. Apple has delivered several shows he has enjoyed in the past year, while Netflix has not had one show that would displace them for him. He says the company should act more like Apple and HBO and less like an algorithm, and that it still has time to turn things around. He points to East of Eden as a sign it can do higher-quality work.
“I would not say that this is a dead company... So I think they still have time to turn it around, but obviously they... lost their way.”at 55:01
Animal Spirits: Why Baby Boomers Have All the Money (EP. 488) ·
Steve Eisman · The Real Eisman PlaybookBearish
Netflix is going ex-growth as streaming matures and YouTube takes share in newer media.
Netflix's EPS beat slightly, but revenue of 11.8% growth only met expectations. Fourth-quarter revenue and EPS guidance came in below the street. The company is laying off staff and removed its chief content officer and chief film officer. Eisman identifies three problems. Streaming was revolutionary but is now mature. New media has moved beyond films and series into short-form video and podcasts. YouTube has conquered these newer forms, while Netflix has been slow and stubborn.
“Streaming was revolutionary and now it's mature. ... YouTube has conquered these newer aspects of media and Netflix has been slow and stubborn.”at 13:06
The Real Eisman Playbook: AI Narrative Switched, Debt Yields Spike | The Weekly Wrap ·
Rob Sechan · NewEdge WealthBearish
Netflix is a weaker grower and won't turn around soon; a likely tax-loss sale this year.
Netflix's in-line quarter and weaker guidance will not be enough to turn the stock around in the short run. Engagement has failed to respond to rising content investment and leadership changes, and solutions will need patience and lower margins. Netflix is now a weaker grower than it has been in a long time, so Rob thinks it could be a tax-loss sale candidate later this year.
“Holding now. However, kind of an in line quarter in weaker guidance are not gonna be enough to turn this stock around in the short run.”at 27:53
CNBC Halftime Report: The AI Race Deepens as Access to Capital Shrinks: Your Next Move 10/22/26 ·
Malcolm Ethridge · Capital Area Planning GroupBearish
Netflix's turnaround is delayed by declining ad sales, despite the stock being near its worst.
Malcolm has been defensive, thinking the story may be as bad as it gets and that downgrades have already come. The earnings figure that bothers him is declining ad sales. Netflix had got into ad sales well, so a decline in that number makes him question any turnaround anytime soon.
“The one thing in the earnings that I really didn't love that is starting to make me question the stock turnaround anytime soon is the declining ad sales numbers.”at 28:16
CNBC Halftime Report: The AI Race Deepens as Access to Capital Shrinks: Your Next Move 10/22/26 ·
Josh Brown · Ritholtz Wealth ManagementBearish
Netflix's falling engagement means its ad sales will disappoint, creating a major overhang.
Netflix can't keep raising ad rates or inserting more ads when engagement is falling. Weaker engagement means the ad sales number will disappoint. Josh calls this a big overhang on top of the other problems.
“You can't jack up the rates that you're selling ads or insert more ads if engagement is falling. And you're a 100% right. That is, I think, a big overhang in addition to all the other things.”at 28:54
CNBC Halftime Report: The AI Race Deepens as Access to Capital Shrinks: Your Next Move 10/22/26 ·
Ed Elson · Prof G MediaBearish
Traditional streaming is borderline uninvestable because YouTube's algorithmic user-generated model is winning.
Netflix's revenue growth slowed to 12%, from about 14% and then 16% in the two prior quarters. YouTube now holds almost 15% of total US TV viewing time, the largest share, while Netflix has under 8%, less than half of YouTube's. YouTube wins because it is an algorithmic, user-generated platform, not because of better creative or a bigger budget. Against YouTube, TikTok and Instagram, the model of spending billions on productions that may not resonate is fundamentally flawed.
“That is why traditional streaming, in my view, is borderline uninvestable. Because in a world where YouTube and TikTok and Instagram exist, the business model of spending billions of dollars on production costs... is fundamentally flawed.”at 34:04
Joe Terranova · Virtus Investment PartnersBearish
Netflix is no longer a growth story; its 18-19x valuation is not cheap enough for shrinking growth.
Netflix was the premier growth story and the only growth story online, but its growth is reversing. A cheap-looking 18-19x valuation is not cheap relative to this earnings direction, and the stock is broken. He sold it in the past and sees significant content and cost challenges ahead, so he avoids streaming names.
“And they're not gonna grow. They're going the other way... So that's why I sold it in the eighties.”at 24:35
CNBC Halftime Report: Will the AI Trade Resume? The Investment Committee Weighs in 10/21/26 ·
Alicia Reese · Wedbush SecuritiesBullish
Netflix's slowdown stems from fixable management errors, not structural problems, so the stock stays Outperform.
Reese says the slowdown was a management error in the ad rollout rather than a structural problem. Viewers are shifting time to YouTube and TikTok, which pressures engagement, but Netflix can resolve this. Cash from the layoffs should be redirected to more targeted content spend. Peter Rice, a former Disney executive with strong talent relationships, was brought in to firm up ad tech, improve targeting and integrations, and get the ad business moving faster.
“it was a management error how this all happened. This is not necessarily structural. People are watching more YouTube, watching more TikTok, and that is putting pressure on engagement. But these are issues they could resolve.”at 24:19
Bloomberg Surveillance: Bloomberg Surveillance TV: October 21st, 2026 ·
Alicia Reese · Wedbush SecuritiesBullish
Netflix can raise ad CPMs and ad load because its ad load is currently an industry low.
Netflix's ad load is the lowest in the industry. It currently avoids running ads against its most premium content, where it could charge higher CPMs. Instead, it runs more ads on serial and licensed content, which resembles linear TV. Reese argues Netflix can be more surgical, raising CPMs while increasing overall ad load. Its ad tech platform needs expanding to capture more dollars per unit of engagement. Advertisers will pay more rather than face a flood of ads.
“The ad load is the industry low on Netflix. And what they're doing right now with the ad load is that they're really not advertising against their most premium content where they could get more higher CPMs for that.”at 26:32
Bloomberg Surveillance: Bloomberg Surveillance TV: October 21st, 2026 ·
Alicia Reese · Wedbush SecuritiesBullish
Netflix's price increases produced far lower churn than expected, so Wedbush stays Outperform.
Reese's survey work shows very low churn and high retention across Netflix's price increases in all regions. This corroborates what Netflix said on its earnings call. Netflix also has far more engagement per subscription dollar than competitors, which is why studios like Disney are licensing content to it. Churn is rising across other streaming services but not at Netflix. Reese says Netflix still has room to raise prices further, which is why Wedbush stays Outperform.
“Across services, not Netflix, though. And this is why we're still outperform on Netflix because the price increases that they implemented resulted in significantly lower churn than we would have thought at this level.”at 27:42
Bloomberg Surveillance: Bloomberg Surveillance TV: October 21st, 2026 ·
Michael Batnick · Ritholtz Wealth ManagementBearish
Netflix's financials are strong, but slowing growth and YouTube competition explain the stock's drop.
Michael says Netflix took a 20% loss despite billions of quarterly profit and healthy margins. The problem is growth, which is not fast enough, and YouTube is taking its share. He notes that the stock barely reacted to a 1,000-person layoff, and that the head of content, who oversaw a $20 billion budget, has left.
“But they're not growing nearly fast enough, and YouTube is eating their lunch.”at 54:22
Ben Carlson · Ritholtz Wealth ManagementNeutral
Netflix must push harder into live sports and events to keep growing.
Ben says Netflix's business is good and it is still growing, but more slowly. He argues the company now needs to spend more on the NFL, the NBA and live events, the money it did not use to buy Warner Bros. The streaming decade that favoured Netflix is over, so it needs live content to keep the audience.
“They have to get more into the NFL. They have to get more into the NBA. They have to get more into live events.”at 56:12
Tim Seymour · Seymour Asset ManagementBullish
Netflix's roughly 15x forward multiple looks too cheap to ignore despite slowing growth and light guidance.
The quarter was not a disaster, but investors are trading off light full-year guidance and slowing growth. Netflix's forward multiple is about 15x, which he says is starting to look almost too good to ignore, even though the stock has broken below its October closing low. He still thinks the company sounds back-footed: it has acknowledged the competitive landscape without naming YouTube, and it is redefining engagement. He also argues Netflix lacks pricing power, since price-sensitive consumers may balk at an extra $5 a month and the ad tier is not doing well. He says the company's strategy feels rudderless and suggests buybacks as a lever, given its balance sheet and free cash flow.
“that forward evaluation is probably around 15 times right now, and it really is something that I think is starting to look almost too good to ignore”at 3:44
CNBC Fast Money: Netflix & SpaceX Report Results… And Next Move For Neoclouds 10/20/26 ·
Karen Finerman · Metropolitan Capital AdvisorsBullish
Netflix's ad miss and content-leadership turnover are worse than expected, but she is long and would buy more.
She calls the Q4 ad revenue guidance miss substantial ($2.7 versus $3), though she accepts the company's explanation of slower product rollout if that is true. She dislikes the replacement of content heads, saying it means the quarter could not be a blowout and that the situation is worse than she thought. She expects Netflix to find hit shows given its many shots on goal, but thinks it will take a long time for new content chief Peter Rice's pipeline to produce output. She notes growth came from lower-value markets while North America is mature, and that Netflix bought back $4.8B of stock at an average of $75.11, which she sees as a decent price now on sale. Despite the negatives, she is already long and would like to buy more.
“I'm long already, though. I would like to buy some more.”at 9:01
CNBC Fast Money: Netflix & SpaceX Report Results… And Next Move For Neoclouds 10/20/26 ·
Rich Greenfield · LightShed PartnersUncertain
Netflix needs breakout global hits; odds favor one or two over the next twelve months.
Revenue growth has slowed from high teens last year and mid teens early this year to 12% in Q3 and the Q4 forecast. The real fear is whether growth slides to 10%, 11% or 9% in coming years and whether engagement is causing a secular slowdown. Management says it can grow healthy double digits for years, but Wall Street doesn't believe it. Netflix flourishes on breakout hits, and there has been no breakout global hit this calendar year, which management acknowledged by changing leadership. Hits are hard to forecast and one could arrive next month, but he thinks the odds favor Netflix getting one or two over the next twelve months. Investors have given up and see the company as broken, so this is a show-me execution story.
“They need more of them, and we'll see over the next twelve months. I think the odds are in their favor that they get one or two. Obviously, investors have given up and believe this is just broken.”at 41:53
CNBC Fast Money: Netflix & SpaceX Report Results… And Next Move For Neoclouds 10/20/26 ·
Rich Greenfield · LightShed PartnersBullish
Netflix has pricing power on both ad and premium tiers over the next several years.
Netflix's ad-supported plan is $8.99 while Disney's bundle of Disney+ and Hulu is $12.99, which suggests room to raise prices. Netflix also has better engagement per member household than Paramount+ or Disney+ and lower churn, though investors ignore this. Engagement drives ad dollars, so engagement is the path to pricing power. He sees substantial pricing power on both the ad-supported and premium ad-free tiers over the next several years, while acknowledging that whether Disney is overpriced is a separate debate.
“Disney is $12.99. That is the bundle of Disney plus and Hulu... it seems like there is quite a bit of pricing power both on the ad supported tier and on the premium ad free tier over the course of the next several years.”at 43:17
CNBC Fast Money: Netflix & SpaceX Report Results… And Next Move For Neoclouds 10/20/26 ·
Mark Mahaney · Evercore ISIBullish
Netflix's content and engagement problems are fixable; the stock should eventually rerate once hits return.
Netflix shares fell about 7% after hours on a soft Q4 revenue guide, a lower full-year ad revenue forecast, and restructuring costs. Mahaney says the bears are winning the near-term argument on engagement and content misses, and that the once-a-year engagement reporting doesn't help. He argues the problem is addressable: Netflix is a 'hit machine' that had a major global hit in five of the last six years, a major exclusive live sports event (women's World Cup) lands next year, and the management team is seasoned. He expects the engagement story to turn if the company accelerates sequels and improves content, and says the stock will rerate. He concedes the content strategy needs changes and the bears are currently winning.
“I think this is addressable by the company. I mean, this is a hit machine. They just didn't have any big hits this year. But in most years, five of the last six years, they've had a major global hit. My guess is that they'll probably have it next year.”at 6:32
Mark Mahaney · Evercore ISIBearish
Netflix's advertising business is immaterial and losing ground to Meta and Google.
Mahaney has been muted on Netflix ad expectations because he sees the money coming from subscriptions, with the ad-supported plan serving mainly as a funnel to upsell premium plans. Advertising is only about 5% of revenue, so it does not move the stock much. Ad revenue is hard to build because Meta and Google are taking share 'hand over fist' quarter after quarter. He calls the ad business 'certainly not a positive' and says the company started with Microsoft as its first ad partner, which was an early mistake.
“Advertising is still, you know, we're at fives... 5% of revenue. So I don't think it really moves the stock one way or another... it's hard to build up ad revenue when you've got companies like Meta and Google that are taking share hand over fist quarter in and quarter out.”at 8:33
Josh Brown · Ritholtz Wealth ManagementBearish
Netflix has a attention problem and is losing the engagement race; he trimmed his position.
He sold half his position around $70 after the stock fell from about $100. Netflix is financially strong, but it has a problem keeping public attention. The concerns are the shows, competition, the firing of the head of content and the head of studio, about 1,000 layoffs, and the decision to stop reporting engagement hours except once a year. He argues the conversation has shifted to Netflix versus TikTok, Instagram and YouTube, which he thinks it cannot win. Netflix is not down enough for him to buy back in.
“Financially, they're doing great, but they clearly have a problem with keeping the public's attention.”at 3:42
The Compound and Friends: Doubt but No Fear, SpaceX Reports, Netflix Cleans House, AI Bond Vigilantes, Bending Spoons ·
Michael Batnick · Ritholtz Wealth ManagementBearish
Netflix's growth is decelerating and YouTube is eating its lunch; he sold his stake.
Revenue growth was 11.8% year over year, the slowest since 2023 and the fourth straight quarter of deceleration. Guidance came in 0.2% below the midpoint, and 2026 ad revenue is now expected at $2.7B, down from about $3B. Engagement charts keep getting worse because YouTube is taking share, and the content is increasingly short-form. He says the company cannot win that narrative, so he sold the stock at a roughly 20% loss.
“It's a maturing company. We don't expect the growth to be accelerating... four straight quarters of deceleration, not great on the revenue side. 11.8% year over year, the slowest since 2023.”at 5:31
The Compound and Friends: Doubt but No Fear, SpaceX Reports, Netflix Cleans House, AI Bond Vigilantes, Bending Spoons ·
Jason Snipe · Odyssey Capital AdvisorsUncertain
Netflix needs recurring live sports and content rhythm, since event-driven live programming is not scalable.
Netflix stock is down 26% year to date, and he wants to hear the vision for 2027 from the new chief content officer. Netflix has about $20 billion to spend on content. Its live sports push has been important to the stock, but he says this event-driven approach is not scalable. Netflix needs a recurring, Amazon Prime or Thursday Night Football-style rhythm, and he wants to see that in the 2027 plan. He also notes sports rights like MLB, UFC and NFL are a tough comparison for Netflix.
“You know, this kind of event driven story is not scalable. ... You need to see a story that's reoccurring over and above what has been event driven.”at 9:00
Jason Snipe · Odyssey Capital AdvisorsBullish
Netflix's ad business is expected to double this year, an important story to watch.
He cites the ad business as an important story for Netflix. He expects it to double this year, and he says that will be important to analyze along with the content plans. He owns the stock, so he is positioned for this growth.
“Lastly, I'll say, you know, the ad business has been an important story as well. We will see a double here this year.”at 9:19
Alex Kantrowitz · Big TechnologyBearish
Netflix's price hikes plus YouTube's free AI-programmed content put Netflix in trouble.
Netflix has raised prices about 30% over the past year and a half, while YouTube is free for most people. YouTube uses Google's AI advances to program and push content creators toward what audiences like. Nielsen data shows YouTube's share of viewing rising while Netflix's falls. He argues that raising prices while free competitors use AI to program content leaves Netflix in trouble.
“Netflix has raised prices 30% about over the past year and a half or so. YouTube is free for most people. ... If you raise prices, your free competitors using AI to program, you're in trouble.”at 10:06
Josh Brown · Ritholtz Wealth ManagementBearish
Netflix's layoffs and exits of three top executives bode poorly for its upcoming report; he trimmed.
Brown sold half his remaining position and keeps the other half. He does not think Netflix's financials are deteriorating, noting about $3 billion in profit last quarter. The problem is the company's recent wholesale changes: it cut about a thousand jobs and removed content chief Bela Bajaria and film studio head Dan Lin along with other decision-makers. He argues companies with a great report on tap do not make such abrupt moves, so he went into the report lighter. He would buy more if the stock is unfairly punished for a good report.
“companies that have a great report on tap aren't announcing snap layoffs and getting rid of the three most important people at the company. So for that reason, I wanted to go into the news tonight lighter.”at 40:41
CNBC Halftime Report: The Bull Market Backdrop in Question: The Investment Committee Weighs in 10/20/26 ·
Laura Martin · Needham & CompanyBullish
Netflix's ad business is set to roughly double to $3B at an 80% margin, a long-overdue boost.
Martin is optimistic on Netflix's advertising. The company says it will reach about $3 billion in ad revenue this year, roughly double last year, which she calls long overdue. Advertising revenue carries an 80% margin, so it puts upward pressure on Netflix's margins and free cash flow return on assets. She also says ad revenue has grown slowly, with ad sell-through around 20%, so long-form inventory is still largely unsold. That gives Netflix roughly three or four more years of runway before its long-form ad inventory sells out.
“They've said they're gonna do 3,000,000,000 in ad revenue this year... It's sort of a doubling from last year... That form of revenue has an 80% margin, which gives them upward pressure on their margin and free cash flow return on assets.”at 9:50
Laura Martin · Needham & CompanyUncertain
YouTube and cheaper generative AI video are eroding Netflix's time share as its growth slows.
Martin sees YouTube as Netflix's biggest competitor. YouTube aggregates about 10 million creators, and generative AI is cutting the cost for those creators to make better videos. Short-form content of three to seven minutes competes with TV shows and films for viewers' time. Netflix's growth is slowing because TV as a single window is mature, engagement is high, and nearly everyone has already watched its catalogue. She says Netflix needs more genres such as live, news, sports and film windows, and faces a new competitor in the combined Warner and Paramount. Short-form monetization is a longer-term issue, not one for the next three years.
“Their biggest competitor is YouTube. And YouTube aggregates 10,000,000 creators, and the cost for those creators to make better content is falling because of generative AI.”at 10:46
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