Trade Tracker: Josh Brown buys more Netflix

Financial Performance - Netflix's earnings reaction was considered strange, especially after paying approximately $600 million related to a dispute with Brazilian tax authorities [2] - Without the $600 million payment, Netflix would have exceeded expectations [2] - Netflix has 25% net margins [4] - Netflix raised free cash flow guidance to $9 billion for the year, increased from the previous range of $8 billion to $85 billion [5] Stock Performance & Market Dynamics - Netflix stock is testing its 200-day moving average for the first time since April [3] - The 200-day moving average has historically been a good opportunity to accumulate shares [4] - Netflix has $10 billion remaining on its buyback authorization [5] Strategic Initiatives & Future Outlook - Netflix has over 300 million customers and is considered one of the five most important technology platforms [6] - Netflix is expanding into podcasts, including Bill Simmons and The Ringer, to compete with platforms like YouTube [6] - The company anticipates a strong performance in 2026 [7]