Netflix (NFLX) Potential WBD Bid, Competition With YouTube

Ken Leon and Stephen Kent give their takeaways from Netflix (NFLX) earnings. Stephen says “we can survive” the stock dropping in Wednesday’s trading, saying “everything is going fine” if you are an internet-only platform – but competitors are struggling with cable. Ken says “the real issue” with the report was a “lack of anything very, very positive for investors.” Stephen believes Netflix is mainly competing with YouTube and they shouldn’t make a bid for Warner Bros Discovery (WBD).

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