Netflix Shares Fall 7% After Warning of Slower Revenue Growth
Netflix reported third-quarter results after market hours on Tuesday, October 20, largely in line with expectations. The company warned of further slowing revenue growth, and its guidance disappointed investors.
Netflix Inc. released its third-quarter results after the market closed on Tuesday, October 20. Results were largely in line with expectations, but investors were disappointed by the company's revenue-growth outlook and comments on its advertising business, sending the stock lower.