Netflix bills 12% more, but disappoints with its forecasts
La acción cae hasta un 7% en Wall Street por la desaceleración del negocio en el último trimestre, que se verá lastrado por los ingresos publicitarios. Leer
Netflix reported quarterly results in line with analyst expectations, with a 43.9% increase in profit to $3.664 billion and earnings per share of $0.87. The company's revenue rose 11.8% to $12.874 billion, driven by subscriber growth and price increases. However, Netflix lowered its annual revenue forecast to $51.1 billion, citing a weaker advertising business, which is expected to bring in $300 million less than previously anticipated.
The company's shares fell up to 7% in after-hours trading on Wall Street. Netflix has also announced a 6% reduction in its workforce, equivalent to around 1,000 jobs, earlier this month.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
