Netflix Shares Slip 0.07% Overnight Despite Globo Content Deal
Netflix shares were 0.07% lower overnight after the company signed its largest-ever content deal with Brazil’s Globo. The report cited subscriber-retention concerns and bearish retail sentiment ahead of Netflix’s third-quarter earnings report.
Netflix (NFLX) stock slipped overnight despite signing its largest-ever content deal with Brazil’s Globo, as investors remained concerned about subscriber retention and bearish retail sentiment ahead of Tuesday’s third-quarter (Q3) earnings report.Netflix stock was 0.07% lower overnight Monday, aft…