Netflix Revenues Rise 17% in Q3, but Stock Falls in Response to Missed Targets
17 Articles
17 Articles
Netflix's streaming platform reported lower than expected profits due to unforeseen spending on its operations in Brazil, which led to a decrease in its shares.The company's revenues totaled US$11,510 million in the third quarter, 17.2 percent higher than those of the same period of 2024, and were in line with analysts' projections.While profits increased to US$2.547 million, equivalent to a profit of US$5.87 per share, versus US$5.40 in the thi…
After a successful first and second quarter, the American streaming service Netflix failed to meet market expectations in its third-quarter report, causing the stock to fall sharply.
Netflix reported weaker-than-expected quarterly results, sending its stock down nearly 6 percent in after-hours trading. Revenue and profit missed analyst consensus, but the company gave cautiously optimistic guidance for the next quarter and full year. We’ll be covering similar topics at our next investment conference, Portfolio Investment Day on November 18, where the market’s top experts will help you navigate the world of investing. Registe…
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