Sell NFLX by Oct 18, 2026.

Netflix's profit number looks fine on the surface but falls apart when you dig in. Netflix booked a $2.8 billion breakup fee because WBD walked from a merger, and that single payment made up 32% of their net income for the first half of the year. Strip it out and organic profit actually declined, but management tried to sell it as a growth story. And while management was busy shaping that narrative, they left out the fact that Netflix quietly …