Streaming service: Netflix growth continues to weaken - cautious outlook
Despite a high quarterly profit, investors are punishing Netflix severely. The costs of job cuts and fierce competition in the streaming market are weighing on the balance sheet.
Netflix reported a surprisingly high quarterly profit, driven by the success of "The Gentlemen" and the revival of "Unsere kleine Farm". The streaming service's revenue grew 12% to $12.87 billion, but its growth outlook was cautious due to a slowdown in revenue growth and costs related to job cuts. The company's stock fell nearly 5% in after-hours trading on Wall Street.
Netflix expects 12% revenue growth in the fourth quarter of 2026, reaching $13.4 billion, and a net income of $0.67 per share, below analysts' expectations of $0.73 per share.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
