From Yahoo Finance · · 1m
Bill Ackman's Netflix Stake
Ackman buys Netflix after years of losses.
In brief
Ackman buys Netflix after years of losses. Bill Ackman's Pershing Square bought $1 billion Netflix shares in 2026 after previously losing money on a 2022 bet. Originally reported by Yahoo Finance.
Bill Ackman's Netflix stake
Bill Ackman's Pershing Square bought $1 billion Netflix shares in 2026 after previously losing money on a 2022 bet.
2022 Netflix bet
In early 2022, Ackman invested $1.25 billion in Netflix but sold it entirely after taking a significant loss.
Netflix's strategy shift
Netflix planned to introduce an ad-supported tier in 2022, which Ackman saw as a threat to its subscription-only model.
Ackman's 2026 stake
Ackman bought $1 billion Netflix shares in 2026 after Netflix's free cash flow grew to 90% of earnings.
Netflix's growth
Netflix's earnings per share have compounded by 27% since 2022, close to Ackman's original 20% annualized growth target.
Why Ackman buys now
Ackman believes Netflix's advertising business expansion and live programming will drive new subscriptions and steady growth.
In short
Bill Ackman's Pershing Square bought $1 billion Netflix shares in 2026 after previously losing money on a 2022 bet.
