Netflix shares drop nearly 8% after weak third-quarter forecast
What's new: Netflix expects $12.86 billion in Q3 revenue, below Wall Street estimates, and will make its viewing-hours report annual in 2027.
Subject
#Netflix
Asian stocks slide as chip selloff deepens; Nikkei drops 4.4%
What's new: Brent neared $85 a barrel and was up 12% for the week as Strait of Hormuz shipping slumped, adding to inflation worries.
Netflix drops about 10% after weak Q3 outlook despite profit gain
What's new: Netflix projected third-quarter revenue of $12.86 billion and EPS of 82 cents, both below Wall Street estimates.
Tyra Banks sues Netflix over 'Top Model' docuseries editing
What's new: The suit seeks damages and an injunction blocking use of Banks' image tied to the show's soundtrack album.