There may be a growth story brewing at Netflix that the market is missing.

July 15 : Netflix is under pressure to reassure investors about its growth strategy when it reports second-quarter results on Thursday, as its user engagement has faltered amid…

The streaming giant has shed over a fifth of its value this year due to doubts about its growth efforts, including an ad business that is still far from becoming a major…

Today's earnings were reported after the closing bell — and then the stock sunk some more.