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Netflix shares fall nearly 5% after quarterly results

FinanceInternationalFrance 2435 s readAI summary
Image: France 24

Netflix shares fell on Tuesday after its quarterly results failed to ease investor concerns, despite revenue growth. In the third quarter, revenue rose 11.8% year on year to $12.87 billion, in line with analyst expectations, and net profit jumped 44% to $3.66 billion. The company acknowledged investor concern about the growth of its viewing hours. The stock was down about 5% in electronic trading after the Wall Street close.

In 35 seconds

  • Third-quarter revenue grew 11.8% year on year to $12.87 billion, in line with the FactSet analyst consensus.
  • Net profit jumped 44% to $3.66 billion.
  • The stock was down about 5% in after-hours electronic trading and had fallen around 25% since January.
Read the full story at France 24

IASummary generated by artificial intelligence from a story by France 24. It may contain errors: the original source prevails.

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