Netflix Growth Slowes as Stock Sinks on Forecast Miss — SkimNews
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- Netflix was scheduled to report earnings after the bell as revenue growth slowed and the company overhauled its programming units.
- Netflix issued a revenue forecast that fell short of estimates, and its stock sank, giving the forecast miss an immediate market consequence.
Why it matters: For Netflix shareholders, the revenue forecast miss carried an immediate consequence—shares sinking—as the after-the-bell earnings report approached. Coverage also contrasts Netflix’s money-making strength with slowing revenue growth, the programming overhaul and the separate problem of keeping viewers hooked.
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