NFLX -12%/AH on tepid subscriber growth—including a QoQ decline in US subscribers: https://www.prnewswire.com/news-releases/netflix-releases-second-quarter-2019-financial-results-300886873.html https://s22.q4cdn.com/959853165/files/doc_financials/quarterly_reports/2019/q2/Q2-19-Shareholder-Letter-FINAL.pdf Things aren’t going to get any easier in terms of competition and operating margins (#msg-149899796).