Netflix posts higher Q3 profit but revenue growth worries pull shares lower
Netflix reported third-quarter profit that beat Wall Street's expectations, but the company lowered its advertising revenue guidance for the full year. Investors responded by selling shares, sending the stock price down to a two-year low. The decline reflects concerns about slowing revenue growth at the streaming company, which had announced layoff plans the week before.
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National story. 12 articles from 10 sources. 8 are on the bar; 2 are international, entertainment or tech outlets, listed separately. Updated 21h ago.
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3 sourcesNetflix’s stock just collapsed to a 2-year low: Is the streaming giant’s ad business in trouble?
Netflix posts higher Q3 profit but revenue growth worries pull shares lower
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3 sourcesSame wire story as other sides. No original Center take here.
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2 sourcesNetflix shares tank 7% as streamer reports slower revenue growth, issues weak forecast
Other outlets
International, entertainment and tech outlets, by their rating. Not counted in the bar above. How we count coverage
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3 articlesNetflix Stock Deflates to Two-Year Low. What Will It Take to Revive Revenue Growth?
Netflix Stock Falls Despite Solid Q3 Results On Lowered Q4 Revenue And Advertising Guidance
Netflix Q3 Revenue Meets Wall Street Estimates, Q4 Earnings Will Be Crimped by Costs Associated With Mass Layoffs
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The story so far
2 developments- Oct 20Netflix posts higher Q3 profit but revenue growth worries pull shares lower
- Oct 21Netflix’s stock just collapsed to a 2-year low: Is the streaming giant’s ad business in trouble?
Who covered each development