Netflix Shares Fall On Forecast
Netflix beat quarterly profit estimates, but a weak outlook and data changes sent shares down.
Summary
Netflix shares fell more than 8% in after-hours trading July 16 after the company’s third-quarter revenue and earnings forecast came in below Wall Street targets, despite second-quarter results roughly in line with estimates. The streamer reported second-quarter revenue of $12.6 billion, up from a year earlier, and said profit grew on new membership signups and price increases. Netflix also said that beginning in Q1 2027 it will release one engagement report annually, ending its biannual “What We Watched” viewership reports after four years.
The Coverage
The commentary is scattered.
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