Loomis Sayles Global Growth Fund Maintains Its Structural Investment Thesis for Netflix (NFLX). Here’s Why

Core Insights - Loomis Sayles Global Growth Fund focuses on high-quality companies with competitive advantages and long-term growth potential, aiming for attractive cash flow and sustained value for investors [1] - The Fund reported a return of -3.05% in Q4 2025, underperforming the MSCI ACWI Index Net, which returned 3.29% [1] Company Overview: Netflix, Inc. - Netflix, Inc. is a leading internet entertainment platform and a pioneer in subscription video on demand (SVOD), with over 300 million paid subscribers globally [3] - The company operates in a total addressable market of one billion households outside of China, generating nearly 60% of its revenue from international markets [3] - As of February 12, 2026, Netflix's stock closed at $75.86 per share, reflecting a one-month return of -13.80% and a 12-month decline of 28.34% [2] - Netflix has a market capitalization of $321.79 billion [2]