According to CoinMeta, Pershing Square Holdings released its second-quarter 2026 investor letter, highlighting the double-digit growth in revenue and profits for Netflix (Nasdaq: NFLX). The letter states that Netflix is a globally leading subscription streaming platform with over 325 million users, which is nearly twice the combined user base of its two main competitors, Disney and HBO Max. As of August 17, 2026, the stock price of Netflix was $76.02, representing a 10.70% increase in the past month, but a 37.39% decline over the past 52 weeks. The company's market value is $316.54 billion. Pershing Square Holdings mentioned that although they are optimistic about the investment potential of Netflix, they believe that certain AI stocks offer greater upside potential and lower downside risk.