Ark Invest Buys More Netflix After 10% Plunge to $97.31, Spotlights Rocky History

Cathie Wood's Ark Invest continues buying Netflix Inc shares after a 9.7% post-earnings drop to $97.31 on April 17, 2026, amid lighter portfolio tweaks including Alamar buys and crypto trims. The selloff followed mixed Q1 results with $12.25 billion revenue (up 16%, 14% FX-neutral) and 83% earnings surge to $5.3 billion ($1.23/share, vs. $1.34 consensus), boosted by a $2.8 billion Warner Bros. Discovery fee, but softer 13.5% Q2 guidance and Reed Hastings' board exit fueled downside. Trading at ~25x forward EPS with ad revenue set to double in 2026 and consensus target $114.46, Ark's moves highlight institutional dip-buying on growth drivers like ads (60% of new sign-ups) and raised $12.5 billion free cash flow outlook.