Netflix Is Printing Money (Rating Upgrade)

Netflix delivered robust Q2 results with strong revenue, record EPS, and exceptional free cash flow, showcasing operational excellence and business strength. Profitability metrics, including operating margin and return on equity, hit multi-year highs, reflecting consistent efficiency improvements and enhanced shareholder returns. Valuation seems justified, with the P/E ratio now reflecting fair value given Netflix's profitability and raised guidance, supporting a more bullish stance.