Netflix Shares Drop 6% as Weaker Outlook Overshadows Profit Jump
Netflix beat earnings expectations, but slower growth and a reduced advertising forecast left investors seeking a stronger finish to the year.
Netflix exceeded earnings expectations, but slower growth and a lower advertising forecast left investors seeking a stronger finish to the year. Investors are focused on the outlook, advertising has fallen short of the initial forecast, and a reset of the content strategy is facing its first test in the market.