Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets. The company said it expected $12.86 billion in revenue from July through September and diluted earnings per share of 82 cents.
Financial Performance
Analysts had forecast $13 billion in revenue and diluted EPS of 84 cents, according to LSEG. Netflix also said it would cut its biannual release of a viewing-hours report to once a year starting in January 2027.
The company is facing competition from all corners of the entertainment industry, from traditional media companies such as Walt Disney to YouTube, a growing presence in living rooms, and mobile viewing on apps such as TikTok.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
