Jim Cramer Takes Contrarian View For Netflix (NFLX) After Earnings

Core Viewpoint - Jim Cramer expressed a contrarian view on Netflix Inc. (NASDAQ:NFLX) following its latest earnings report, highlighting the company's strong engagement and advertising potential despite a dip in stock price after earnings results [1][2]. Financial Performance - Netflix reported third quarter revenue of $11.51 billion, surpassing analyst estimates, but earnings per share were $5.87, falling short of the expected $6.97 [1]. - The stock experienced a 9% decline in trading after the earnings announcement [1]. Engagement and Advertising - Cramer emphasized that Netflix's engagement metrics and advertising performance are strong, suggesting that these factors could drive future growth [2]. - The upcoming content slate, including projects like "House of Dynamite," is expected to generate significant interest and engagement [2]. Strategic Independence - Cramer noted that Netflix is positioned to operate independently from Warner Brothers Discovery, indicating confidence in its ability to manage its content and advertising strategies effectively [2].