Netflix posts its slowest revenue growth in three years
Third-quarter revenue rose 11.8% to $12.9 billion, matching Netflix’s expectations, according to The Information. The results come as the streaming company overhauls its programming units, The Wall Street Journal reported, adding that shares fell more than 5% as Netflix recorded its weakest revenue growth in years.
Covered by 2 publishers within 2 hours of the first report.
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Wall Street Journal Netflix Revenue Growth Slows as It Overhauls Programming Units · Jessica Toonkel
The Information Netflix Revenue Growth Hits Three-Year Low · Alix Coutures