Bill Ackman re‑enters Netflix, betting the streaming king finally won the wars
Pershing Square disclosed a fresh Netflix stake, snapping up the stock four years after a full sell‑off. Ackman argues Netflix now dominates with 325 million subscribers, stronger margins and a valuation halved from its 2025 peak, positioning it for double‑digit revenue growth and near‑20% earnings expansion. Shares jumped about 4% on the news.