Pershing Square Capital Management increased stakes in Netflix and Uber despite 33% and 18% losses over the past year.
Bill Ackman’s Pershing Square Capital Management purchased shares of Netflix and doubled its position in Uber during the second quarter. Both stocks have underperformed, with Netflix down 33% and Uber declining 18% over the past year.
Netflix faces challenges including slower revenue growth, weaker guidance, and a reduction in its engagement reporting frequency. The company will now release its “What We Watched” report annually starting in 2027, raising concerns about monetization and growth prospects.
Despite the declines, Pershing Square’s move suggests confidence in long-term recovery. Ackman’s firm has historically outperformed the S&P 500, making its investments closely watched by market participants.