Netflix Shares Fall as Weak U.S. Dollar-Driven Forecast Fails to Impress

Netflix shares fall as weak U.S. dollar-driven forecast fails to impress

Netflix shares declined more than four per cent on Friday as some investors were disappointed by a revenue forecast that was driven more by a weaker dollar than strong demand for the streamer’s content.

Netflix shares fall as weak dollar-driven forecast fails to impress

By Joel Jose and Harshita Mary Varghese

Netflix shares drop as revenue forecast leaves investors unimpressed

The stock has nearly doubled in value in the last 12 months, pushing Netflix's market value above $540 billion, more than the combined worth of Disney, Comcast, and Warner Bros. Discovery

Why Netflix shares have fallen on better-than-expected results