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Netflix misses earnings targets as growth stabilizes

1 sourceFirst reported 4 days agoUpdated 4 days ago

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Netflix announced it missed earnings targets for the recent quarter, indicating a shift to steadier growth.
The company projected third-quarter revenue and earnings below Wall Street's expectations.
Netflix plans to reduce the frequency of its viewing-hours reports as part of its strategy to explore new growth avenues.
Following the earnings announcement, Netflix shares dropped nearly 8.6% in after-hours trading.

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AI summary: catch up in 20 seconds

Netflix announced it missed earnings targets for the recent quarter, indicating a shift to steadier growth.
The company projected third-quarter revenue and earnings below Wall Street's expectations.
Netflix plans to reduce the frequency of its viewing-hours reports as part of its strategy to explore new growth avenues.
Following the earnings announcement, Netflix shares dropped nearly 8.6% in after-hours trading.

Generated by AI from the 1 sources below · always verify with the originals