RTE.ie·3 min read·medium
Netflix earnings forecast disappoints, shares tumble
R
RTÉ News
✦AI Summary
Netflix shares dropped nearly 9% after the company issued third-quarter revenue and earnings forecasts that missed Wall Street expectations. The company is shifting its focus toward advertising, live events, and gaming to sustain growth as its subscriber base matures.
Netflix has forecast third-quarter revenue and earnings that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.
businessentertainmenteconomy
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