Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The latest disclosures and management commentary from Netflix, Inc. reflect a continuation of its strategic trajectory, balancing organic growth with selective investments across multiple content formats and technology initiatives.</li><li>The company reiterated its 2026 guidance, projecting revenue growth of 12% to 14% alongside an operating margin expectation of 31.5%.</li><li>This guidance integrates the impact of expenses related to merger and acquisition (M&A) activities, such as those connected to the abandoned Warner Bros. deal and completed InterPositive acquisition, without an anticipated material margin impact.</li></ul>

The latest disclosures and management commentary from Netflix, Inc. reflect a continuation of its strategic trajectory, balancing organic growth with selective investments across multiple content formats and technology initiatives.The company reiterated its 2026 guidance, projecting revenue growth of 12% to 14% alongside an operating margin expectation of 31.5%.This guidance integrates the impact of expenses related to merger and acquisition (M&A) activities, such as those connected to the abandoned Warner Bros. deal and completed InterPositive acquisition, without an anticipated material margin impact.

Netflix: Advertising Is Scaling Fast—Can 4,000+ Brands Turn It Into a Major Revenue Engine?

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Research Reinvented

<ul>
  <li>Netflix is the global leader in streaming entertainment but faces a rapidly evolving and intensely competitive landscape from both traditional media giants and new digital platforms.</li>
  <li>Future growth is contingent on the success of newer initiatives, including the advertising-supported tier, a crackdown on password sharing, and expansion into adjacent markets like gaming, which are designed to broaden the addressable market and create new revenue streams.</li>
  <li>While the company has demonstrated strong historical growth in revenue and profitability, it trades at a premium valuation, and faces risks from escalating content costs, potential M&amp;A execution, and shifting consumer entertainment habits.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Netflix is the global leader in streaming entertainment but faces a rapidly evolving and intensely competitive landscape from both traditional media giants and new digital platforms.
  Future growth is contingent on the success of newer initiatives, including the advertising-supported tier, a crackdown on password sharing, and expansion into adjacent markets like gaming, which are designed to broaden the addressable market and create new revenue streams.
  While the company has demonstrated strong historical growth in revenue and profitability, it trades at a premium valuation, and faces risks from escalating content costs, potential M&amp;A execution, and shifting consumer entertainment habits.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul><li>When Netflix announced it was acquiring InterPositive, the AI filmmaking startup founded by Ben Affleck, the headlines mostly focused on artificial intelligence.</li><li>The usual debates followed.</li><li>Would AI replace filmmakers?</li></ul>

When Netflix announced it was acquiring InterPositive, the AI filmmaking startup founded by Ben Affleck, the headlines mostly focused on artificial intelligence.The usual debates followed.Would AI replace filmmakers?

Netflix Isn’t Fighting Disney Anymore—It’s Fighting TikTok!

<ul><li>When Netflix decided not to match Paramount Skydance’s $31-per-share offer for Warner Bros. Discovery, it wasn’t waving a white flag.</li><li>It was drawing a line.</li><li>After months of back-and-forth bidding, political theater in Washington, and increasingly expensive sweeteners — including a $7 billion regulatory termination fee and a ticking cash payment — Netflix concluded the deal no longer made financial sense.</li></ul>

When Netflix decided not to match Paramount Skydance’s $31-per-share offer for Warner Bros. Discovery, it wasn’t waving a white flag.It was drawing a line.After months of back-and-forth bidding, political theater in Washington, and increasingly expensive sweeteners — including a $7 billion regulatory termination fee and a ticking cash payment — Netflix concluded the deal no longer made financial sense.

Netflix Walked Away From WBD — The Market Saw A DIFFERENT Signal!

<ul><li>Netflix rarely delivers a quiet earnings report, but this one landed with a thud.</li><li>The company reported results that were broadly solid on the surface, yet the stock still slid.</li><li>The issue was not growth.</li></ul>

Netflix rarely delivers a quiet earnings report, but this one landed with a thud.The company reported results that were broadly solid on the surface, yet the stock still slid.The issue was not growth.

Netflix’s Mediocre Earnings & Its $83 Billion Gamble: Will Warner Bros. Break the Stock?

United States

Netflix Inc. is an Internet subscription service for watching tv shows and movies. Subscribers can instantly watch unlimited TV shows and movies streamed over the Internet to their TVs, computers and mobile devices and in the United States, subscribers can receive standard definition DVDs and Blu-ray Discs delivered to their homes.

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Netflix Inc (NFLX US)

Netflix: Advertising Is Scaling Fast—Can 4,000+ Brands Turn It Into a Major Revenue Engine?

The latest disclosures and management commentary from Netflix, Inc. reflect a continuation of its strategic trajectory, balancing organic growth...

Baptista Research

Primer: Netflix Inc (NFLX US) - Apr 2026

Netflix is the global leader in streaming entertainment but faces a rapidly evolving and intensely competitive landscape from both traditional...

αSK Primers

Netflix Isn’t Fighting Disney Anymore—It’s Fighting TikTok!

When Netflix announced it was acquiring InterPositive, the AI filmmaking startup founded by Ben Affleck, the headlines mostly focused on...

Baptista Research

Netflix Walked Away From WBD — The Market Saw A DIFFERENT Signal!

When Netflix decided not to match Paramount Skydance’s $31-per-share offer for Warner Bros. Discovery, it wasn’t waving a white flag. It was...

Baptista Research

Netflix’s Mediocre Earnings & Its $83 Billion Gamble: Will Warner Bros. Break the Stock?

Netflix rarely delivers a quiet earnings report, but this one landed with a thud. The company reported results that were broadly solid on the...

Baptista Research

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