The Zhitong Finance App learned that after streaming giant Netflix (NFLX.US) announced its third-quarter earnings report, Wall Street analysts clearly disagreed on its growth prospects. Although the company's revenue and profitability continued to improve, the revenue growth rate slowed to its lowest level in three years. Coupled with the advertising business falling short of expectations and the reduction in revenue guidelines for the whole year, investors are concerned about its growth momentum. Netflix's stock price fell more than 4% at the beginning of the Tuesday session, hitting a 52-week low.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that after streaming giant Netflix (NFLX.US) announced its third-quarter earnings report, Wall Street analysts clearly disagreed on its growth prospects. Although the company's revenue and profitability continued to improve, the revenue growth rate slowed to its lowest level in three years. Coupled with the advertising business falling short of expectations and the reduction in revenue guidelines for the whole year, investors are concerned about its growth momentum. Netflix's stock price fell more than 4% at the beginning of the Tuesday session, hitting a 52-week low.
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