LikeFolio's Megan Brantley unpacks new sentiment data showing Netflix (NFLX) losing engagement to short-form video platforms like Alphabet's (GOOGL) YouTube, TikTok, and Reels from Meta Platforms (META). While cancellation mentions are beginning to converge with signups, Netflix still needs breakout content. A promising Q4 slate featuring an IMAX (IMAX) theatrical release and live NFL games, plus room to improve its underperforming ad business, are what Megan points to as upcoming catalysts.