Operates a global subscription streaming service offering movies, TV series, and original content.Yahoo Finance ↗netflix.com ↗
3 takes · first discussed Jan 25, 2025 · last Jan 10, 2026
Every call, plotted at the price the day they made it.
Jason notes he is a shareholder and is delighted with Netflix's execution, pointing to strong subscriber growth and a rising stock price as evidence the strategy is working.
Sacks is bearish on Netflix unless it closes the Warner Brothers deal, citing commoditization of streaming content, shrinking content library due to creator economics (cost-plus-10% deals), and competition from independent creators on YouTube and other platforms.
The hosts hold a mixed view on Netflix, with cautious optimism tempered by structural concerns. Jason is modestly bullish as a shareholder, pointing to strong subscriber growth and execution as proof the strategy is working, though he acknowledges limited visibility into the specifics. Sacks is more conflicted: he recognizes Netflix as the dominant force in streaming — the "800-pound gorilla" with the largest market cap and subscriber base — but has turned bearish absent a Warner Bros. acquisition, arguing that Netflix faces content commoditization, a shrinking library due to unfavorable creator deal terms (cost-plus-10%), and growing competition from independent creators on platforms like YouTube. Sacks also notes that Netflix's market dominance makes any major merger attempt, such as with Warner Bros., more likely to attract serious antitrust scrutiny than a deal involving smaller players.
Jason notes he is a shareholder and is delighted with Netflix's execution, pointing to strong subscriber growth and a rising stock price as evidence the strategy is working.
I am a shareholder and I am delighted. I don't know what's going on over there, but they seem to be getting their subs right… there's some strategy that's working over there.”1:36:23
Sacks is bearish on Netflix unless it closes the Warner Brothers deal, citing commoditization of streaming content, shrinking content library due to creator economics (cost-plus-10% deals), and competition from independent creators on YouTube and other platforms.
It would be Netflix if they don't close the Warner Brothers deal. I do think Netflix's service is being challenged from all sides with deep content libraries... people would prefer not to work with Netflix. They only pay creators cost plus”1:12:41