Netflix stock is getting a valuation reset after the subscription streaming video service posted its slowest sales growth in three years.
Netflix shares NFLX fell in trading on Wednesday after its third-quarter earnings exceeded expectations, but a weaker revenue forecast and concerns about slowing engagement raised questions about its growth prospects. The streaming company reported adjusted earnings of 87 cents per share on revenue of $12.9 billion for the fiscal third quarter, compared with analysts' expectations of 82 cents p...
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) gave investors a reason to look beyond a disappointing fourth-quarter forecast, with strong earnings growth, expanding margins and a reaffirmed 2026 profitability target keeping analysts firmly in its corner. Revenue rose 12% year over year to US$12.874 billion in the third quarter, matching consensus estimates of US$12.875 billion.
Netflix shares are down 27% this year as the streaming giant struggles to grow in a saturated market and faces growing competition.
Netflix slides as weak profit, ad outlook intensify investor anxiety
Meta slides as investors await the Facebook parent's results, while SpaceX surges after Elon Musk reveals he's exploring a Tesla merger.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) shares fell around 5% in after-hours trading after the streaming giant reported its slowest quarterly revenue growth in three years and acknowledged the need to accelerate viewing hours amid a shake-up of its workforce and senior leadership. Revenue rose 12% year on year to US$12.9 billion for the quarter, while net income jumped about 44% to US$3.66 billion.
