Bitget App
Trade smarter
MarketsTradeFuturesStocksEarnInstitutionAI & More
Correction - BUZZ - Netflix shares fall as quarterly revenue growth slows

Correction - BUZZ - Netflix shares fall as quarterly revenue growth slows

路透社路透社2026/10/20 20:53
Show original

Correction to point 2: Third quarter revenue revised from $13.44 billion to $12.87 billion.

- ** Netflix (NFLX.O) shares fell 3.8% in after-hours trading to $66.12.

** NFLX third quarter revenue rose by 11.8% year-on-year to (link) $12.87 billion, in line with Wall Street expectations, but marking the slowest growth in nearly three years.

** The company lowered its 2026 advertising revenue forecast from about $3 billion to about $2.7 billion.

** By Tuesday’s market close, the stock had fallen about 27% year-to-date.


(To assist non-English speakers, Reuters offers its reports automatically translated into several other languages. Automatic translations may contain errors or lack the necessary context, and Reuters does not guarantee the accuracy of automated translation texts, which are provided solely for readers’ convenience. Reuters assumes no responsibility for any damage or loss caused by the use of automated translation features.)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Comcast plans large-scale layoffs to pave the way for NBC's independent operations after the spinoff

According to sources familiar with the matter, Comcast plans to implement large-scale layoffs as part of a comprehensive restructuring of its cable TV, broadband, and wireless businesses.

智通财经•2026/10/22 03:07
Comcast plans large-scale layoffs to pave the way for NBC's independent operations after the spinoff