GgoogleSG first seen 3 d ago, last 3 d ago, peak #3

Netflix shares fall on weak revenue and ad outlook

Original: netflix share price

Netflix reported a third-quarter earnings beat, but the stock declined after the company issued downbeat guidance on advertising and revenue. Sales growth is set to slow for a fourth consecutive quarter as the streaming giant overhauls its programming units. Co-CEO Ted Sarandos acknowledged 'we could do better', while some traders are betting the stock's recent slide may be near an end.

Why now: Investors are reacting to Netflix's quarterly results and a weaker-than-expected forecast that sent the share price down.

NetflixTed SarandosWall StreetBloomberg

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Evidence

• Netflix Sales Growth to Decline for Fourth Quarter in a Row · Bloomberg.com
• Netflix co-CEO Sarandos says 'we could do better' after weak forecast · CNA
• Netflix gives downbeat outlook as streaming hits dry up · Financial Times
• Traders are betting Netflix's stock drama may be coming to an end · CNBC
• Netflix Revenue Growth Slows as It Overhauls Programming Units · WSJ
• Netflix posts third-quarter earnings beat, but shares fall on advertising and revenue guidance · CNBC

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