Netflix shares tank 7% after the streaming giant posts slower revenue growth and a weak fourth-quarter forecast
Netflix's third-quarter profit rose and beat Wall Street's earnings estimates, but investors dumped the stock anyway. The good news was buried by worries over how fast the money is coming in. The streamer is now scrambling to kick-start growth after a run of results that left markets unimpressed. Its outlook for the rest of the year was described as downbeat across the board.
Netflix is bracing Wall Street for a disappointing year in advertising sales.
The gloom comes as the streaming hits that drove its boom are drying up.
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Financial TimesNetflix’s $300bn problem: lack of hits piles pressure on streaming giantFinancial TimesNetflix gives downbeat outlook as streaming hits dry upReutersNetflix slides as weak profit, ad outlook intensify investor anxietyAPNetflix posts higher Q3 profit but revenue growth worries pull shares lowerNY PostNetflix shares tank 7% as streamer reports slower revenue growth, issues weak forecastThe IndependentNetflix shares plunge as streaming giant suffers growth slowdownReutersNetflix issues weak fourth-quarter forecast as company seeks to kick-start growthHollywood ReporterNetflix Beats Q3 Earnings Estimates But Braces Wall Street for 2026 Ad Sales Whiff
