Netflix's Profits Clash With Peaking Business Concerns, Driving Interest In Direxion's NFLX Bull And Bear Funds
1. Netflix reported a record net profit of $3.1 billion in Q2. 2. Revenue reached $11.08 billion, exceeding analyst expectations by 16%. 3. Subscriber growth driven by advertising, with 50% on ad-supported plans by 2025. 4. Concerns arise over declining viewer engagement and potential stock price saturation. 5. NFLX stock gained 36% year-to-date but recently showed signs of volatility.