Instant Reaction: Netflix Records Another Strong Quarter

Dan Morgan, Senior Portfolio Manager at Synovus Trust, offers keen insights into Netflix's impressive performance, revealing its addition of over 5 million subscribers despite recent industry challenges. The discussion highlights Netflix's shift to an advertising revenue model, examining its impact on growth and potential pricing changes. Morgan also addresses the decision to stop publishing subscriber numbers, emphasizing a new focus on revenue and stock valuation strategies, which could redefine its market approach in the competitive streaming landscape.