Netflix’s Stock Drops on Lackluster Earnings, but Its AI Implementation Is Going Way Up

Netflix reported its quarterly earnings on Tuesday, and revenue was $11.51 billion—slightly below Bloomberg’s forecast of $11.52 billion. Earnings per share were $5.87, below an estimate of $6.94. (All of this is per Yahoo! Finance). Not catastrophic, but not great. The company’s stock price went down by 5.6%.

But hey, how about all that AI?

In its shareholder letter, and then again in its earnings call, Netflix co-CEOs Ted Sarandos and Greg Peters touted coming generative AI…