Consumer Subscription Stocks Q2 Results: Benchmarking Netflix (NASDAQ:NFLX)

Evercore ISI reiterated an Outperform rating and $210 price target for Duolingo (DUOL), citing user growth and undervaluation. The stock is down 53% from its 52-week high. The firm expects modest Q3 earnings beat and projects operating margins to expand to over 20%. DA Davidson also raised its price target to $175, noting strong user growth trends.

France's National Assembly voted to tax US companies €0.055 per GB of data sent to French users, targeting firms like Google, Meta, Amazon, Netflix, and Akamai. The measure, part of the 2027 budget, aims to generate €10B annually. It requires ISPs to track data flow and report to tax authorities. The tax must pass further budget approvals to become law.

Netflix fired Bela Bajaria, its chief content officer, and replaced her with Peter Rice, citing stagnant engagement and talent management issues. The move follows a drop in Netflix's stock and internal struggles with content strategy. The company insists it is still growing but faces challenges in maintaining its growth trajectory.

France's National Assembly passed a 5.5 euro cent per gigabyte tax on content providers like Netflix, Google, and Meta, with a 15% or 2% revenue cap. The tax aims to raise about $11.2 billion annually, but its future is uncertain. Netflix, Alphabet, and Meta's stocks showed minor movements unrelated to the vote.

France approved a tax on internet data usage, costing €0.055 per gigabyte for content providers like Google, Meta, Netflix, and Amazon. The tax, estimated to generate €10 billion annually, targets companies generating substantial internet traffic. Internet service providers will measure and report data volumes to tax authorities. The proposal must still pass further parliamentary scrutiny.

France's National Assembly voted 11-10 to impose a €0.055 per gigabyte tax on data traffic from companies like Google, Meta, Amazon, Netflix, and Akamai, aiming to raise €10 billion. The tax would be measured by internet providers and capped at 15% of French revenue or 2% of total revenue. The government opposes the measure, and the bill remains in early stages of the budget process.