Netflix Hovers Near $94 as 2H Expense Normalization Sparks Buy-Dip Momentum

Netflix Inc shares stall near $94 amid high-volume sideways action following a ~10% post-Q1 selloff to ~$97. The drop stemmed from missed Q2 guidance ($12.57B revenue/$0.78 EPS vs. $12.64B/$0.84 est.) despite Q1 beats ($12.25B +16% YoY, $1.23 EPS vs. $0.76 est., aided by $2.8B fee) and Reed Hastings' June board exit. Latest commentary highlights 2H normalized expenses, ad revenue doubling to $3B, strong FCF, and analyst buys (Needham $120, Morgan Stanley $115) fueling dip-buy calls despite growth concerns.