Investing visuals
Netflix $NFLX Q3 2025 Earnings🚨

• EPS: $5.87 vs. $6.97 est.
• Revenue: $11.51B, in line with est.

Special note:
• Operating Margin: 28%. Would be ~31.5% without $619M Brazil tax dispute.

Outlook:
• Q4 EPS: $5.45 vs. $5.44 est.
• Q4 Revenue: $11.96B vs. $11.90B https://t.co/SEYeapUcO5

Get your popcorn ready, $NFLX reports Q3 earnings after the close today!

With strong results, $NFLX could dethrone Prime as the #1 streaming service in the U.S. https://t.co/r1x6UM6iLo - Investing visuals
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App Economy Insights
$NFLX Netflix Q3 FY25:

• Revenue +17% Y/Y to $11.5B (in-line).
• Operating margin 28% (-1pp Y/Y).
• EPS $5.87 ($1.10 miss).

FY25 Guidance:
• Revenue ~$45.1B ($0.1B raise).
• Operating margin 29% (0.5pp cut). https://t.co/jABYj1agzF
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Dimitry Nakhla | Babylon Capital®
Intuitive Surgical $ISRG Q3 2025 Report 🗓️

✅ REV: $2.51B (+18% YoY)
✅ EPS: $2.40 (+30% YoY) https://t.co/xjXfHpWlfo

5. Intuitive Surgical $ISRG (Tue PM)

🗓️ REV Est: $2.41B (+18%)
🗓️ EPS Est: $1.99 (+8%)

💵 NTM P/E: 52x
💵 NTM FCF Yield: 2.06%

$ISRG exemplifies the razor-and-blades model https://t.co/TO12y9YJCU - Dimitry Nakhla | Babylon Capital®
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App Economy Insights
Full breakdown of $NFLX Q3 is out!

🍿 The KPop Demon Hunters effect.
🎙️ Why podcasts are coming to Netflix.
🎮 The new gaming push.
▶️ Netflix's YouTube problem.
https://t.co/YgFavVrFzM
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AkhenOsiris
$AMZN $GOOGL

We all remember last year November when the AWS/Anthropic relationship deepened.

"Anthropic is now naming AWS its primary training partner, in addition to continuing to be its primary cloud provider, and will use AWS Trainium and Inferentia chips to train and deploy its future foundation models. Both companies will continue to work closely to keep advancing Trainium's hardware and software capabilities."

Is whatever Anthropic spending on GCP smaller than what they will spend on AWS? That would be the logical conclusion with AWS being the primary cloud/training provider. With Project Rainier ramping, the Anthropic spend on AWS increasing this year (some numbers from Ed Zitron yesterday) and SemiAnalysis and other sell-side predicting Claude AI related inflection (recently leaked Anthropic growth aspirations for 2026 are strong), it follows AWS will be enjoying the fruits as well here.

https://t.co/mAjvJRPWvu
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Yellowbrick Investing
$VICR

$vicr has $360M in cash with no debt. Theyre vertically integrated with $1B+ all US mfg capacity in MA.

On tonight’s call they said they and two competitors were competing for business from a hyperscaler and they were told only their product matched the requirements and so they will be ramping with that hyperscaler in Q1 plus two OEM’s in q3 next yr. Sounded like Google to me but could be wrong.

Also said high margin licensing rev now at a 90M annual run rate with line of sight to 200M in next two years and that doesn’t include many other assets they can monetize with licensing deals (they basically own most the IP in this industry)

This is a 500M rev business trading at just a 2B EV that’s taking a big step up in profitability and talked confidently about filling out their factory completely which has been under utilized. Talked about 98% yields where previously they had issues with poor yields which has now been more than fixed. Estimates for next year don’t include any of this ramp from these three new large customers since they have rev increasing just 3% and margins way too low given licensing step up.

People out here paying 3B for a 60M rev company in $nvts who’s selling stock to raise $… in that case $vicr would be over $300 from mid 60’s.

Meanwhile the float dynamics on $vicr are such that the free float is only 22M shares so things could get crazy on any big run up as we’ve seen with $arm and many others that go on huge runs from that… The 78 year old CEO owns about half the company limiting the free float substantially…

Given the age of the CEO and all of $vicr IP would be a great m&a candidate as well. - TrumpGrift Capital🇺🇦
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: At 26x Earnings & a 4.16% FCF Yield, $SPGI appears to be one of the better risk/reward long-term opportunities in today’s market

*(NTM) https://t.co/17nSo9cLlK
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Capital Employed
Another fresh batch of Q3 letters added. ✍️

Including @eriksen_tim who always seems to an array of interesting ideas in OTC markets.

The letter from @HiddenGemsInves is a great read too, mentions some decent and undervalued UK companies.

https://t.co/wUDSfhTdYl https://t.co/pGHjMKDntV
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Capital Employed
Forager Funds have highlighted four interesting Japanese stocks... 🇯🇵

1) OBIC Business Consultants $4733 - software business.
2) DreamArts $4811 - micro-cap software business.
3) Visional $4194 - recruitment.
4) eWeLL $5038 - subscription business to do with nursing.

Any good?
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