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Quilla NewsFinance & Technology
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Netflix grows at its slowest pace in three years, fueling doubts over stagnating audience

TechnologyInternationalEL PAÍS35 s readAI summary
Image: EL PAÍS

Netflix posted revenue of $12.9 billion in the third quarter, up 12% year on year, its slowest percentage growth in three years. Net profit was $3.66 billion, up about 44%. Despite beating analyst expectations, its shares fell around 5% after the market close and have lost nearly 45% of their value this year. The company, with just over 325 million subscribers, expects to close the year with revenue of $51.1 billion.

In 35 seconds

  • Revenue of $12.9 billion in the third quarter, up 12%: the slowest growth in three years
  • Net profit of $3.66 billion, up about 44% year on year
  • Shares fell around 5% after the close and have lost nearly 45% of their value this year
Read the full story at EL PAÍS

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

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