The Outlook for Netflix According to Wedbush's Pachter

The transcript discusses Netflix's challenges, including content loss from major providers and pricing strategies. It highlights the impact of these factors on customer churn and ARPU. The analysis also covers Netflix's valuation based on free cash flow, contrasting it with traditional earnings-based valuation methods. The speaker predicts stalled growth and continued negative cash flow for Netflix, questioning optimistic price targets.

What challenges does Netflix face in maintaining its subscriber growth according to the analysis?

Explain the significance of free cash flow in valuing Netflix as discussed in the conversation.