Netflix Hits Two-Year Low After Q4 Revenue Miss — SkimNews
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- Netflix reported Q3 earnings and forecast Q4 revenue below estimates; its stock sank after the announcement.
- Ted Sarandos said two problems behind Netflix’s stock slide were not YouTube, while the stock fell to a two-year low.
Why it matters: The key issue for investors is Netflix’s own forward revenue outlook, not YouTube: Q4 revenue was forecast below estimates and shares reached a two-year low after Q3 earnings. Sarandos said two problems drove the slide but did not identify them in the excerpt, so the outlook miss is the clearest disclosed pressure point.
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