Netflix shares tank 7% after the US streaming giant issues a weak forecast despite beating profit estimates

Netflix grew its third-quarter profit, but Wall Street focused on slowing revenue growth. The streamer warned investors that its advertising sales would fall short of expectations in 2026. Its fourth-quarter outlook was downbeat, with the hit shows that kept viewers hooked now drying up. Bosses are under pressure to find a way to kick-start growth before investors lose patience.

The sell-off extended an existing slide in Netflix's share price.

Slower revenue growth outweighed the better-than-expected earnings for investors.