Losing Wall Street binge premium! Why are Netflix shares in a freefall this year?

Netflix shares are under pressure after second-quarter results showed revenue of about $12.56 billion but softer-than-expected forward guidance, including projected third-quarter revenue growth of 12% YoY and EPS below analyst estimates. Concerns include slowing growth momentum, reduced reporting frequency on viewing hours from 2027, increased competition for viewer attention, and a stretched valuation of about 20 times forward earnings versus 13.5 times for Disney and 6.6 times for Comcast.