# Bill Ackman's Netflix Stake

> Ackman buys Netflix after years of losses.
- Title: Bill Ackman's Netflix Stake · Yahoo Finance | Shortify
- Summary: 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.
- Keywords: bill ackman, pershing square, netflix, stocks, investing, netflix stock, netflix advertising, business, finance, Bill, Ackman's, Stake
- Source: Yahoo Finance — https://finance.yahoo.com/markets/stocks/articles/bill-ackmans-pershing-square-took-134000020.html
- Published: 2026-09-17T13:40:00+00:00
- Read time: 1 min
- Topics: bill ackman, pershing square, netflix, stocks, investing, netflix stock, netflix advertising, business, 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.
## Key takeaway

Bill Ackman's Pershing Square bought $1 billion Netflix shares in 2026 after previously losing money on a 2022 bet.