Netflix Stock Tanks on Q3 Revenue Miss
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- Netflix stock tanked after Q3 revenue fell short of expectations, with one source quoting the sentiment that there was 'nothing here to get excited about.'
- Netflix said it will give fewer engagement updates going forward, as Wall Street analysts described the quarter as a 'big miss' and said the company is 'in no man's land.'
Why it matters: Netflix is simultaneously missing on the financial numbers and pulling back on the engagement metrics investors use to gauge subscriber health — a double blow to transparency at the exact moment shareholders were already losing confidence in the quarter's results.
