Netflix (NFLX) Slid as Earnings Failed to Impress the Market

Group 1 - Harding Loevner's Global Equity Strategy reported a gross return of 2.62% and a net return of 2.52% for Q3 2025, underperforming the MSCI All Country World Index and MSCI World Index which returned 7.74% and 7.36% respectively [1] - Year-to-date, the strategy has risen 10.61% net, compared to 18.86% and 17.83% for the respective indexes [1] - The last six months have been noted as one of the strongest momentum phases in over 70 years, with high-momentum stocks outperforming low-momentum stocks by 45 percentage points, largely driven by advancements in AI [1] Group 2 - Netflix, Inc. (NASDAQ:NFLX) experienced a one-month return of -5.23% and a 52-week gain of 13.26%, closing at $103.96 per share with a market capitalization of $440.51 billion on December 3, 2025 [2] - Despite Netflix's subscriber growth and resilience in revenue amidst slower consumer spending, the stock's performance was affected by high market expectations, leading to a pullback from earlier gains [3] - Netflix is ranked 14th among the 30 Most Popular Stocks Among Hedge Funds, with 154 hedge fund portfolios holding the stock at the end of Q3, an increase from 133 in the previous quarter [4]