Instant Reaction: Netflix Records Another Strong Quarter

Dan Morgan, a senior portfolio manager at Synovus Trust, shares keen insights on Netflix's impressive growth, adding over 5 million subscribers despite industry challenges. He discusses the implications of Netflix's advertising strategy and potential revenue shifts, especially with an evolving pricing model. Morgan emphasizes the company's shift away from publicizing subscriber counts, highlighting new financial metrics such as earnings multiples. Additionally, he evaluates Netflix's recent stock performance and the complexities for investors in this dynamic landscape.