Netflix Shares Tumble Ten Percent After Revenue Misses Analyst Estimates
Netflix shares tumbled more than 10% on Friday after the streaming giant reported second-quarter revenue of $12.56 billion, missing analyst expectations, and issued a lukewarm forecast for the third quarter. The company also announced plans to shift its What We Watched engagement reports to an annual cadence beginning in 2027. Investors reacted sharply to the … Read more