Reported about 6 hours ago
Netflix's stock fell approximately 6% in after-hours trading after the company reported earnings below analyst expectations, with revenue of $11.51 billion and earnings per share at $5.87. Although the company is forecasting Q4 revenue above Wall Street expectations, its operating profit margin was impacted by unexpected expenses tied to tax disputes. Despite these challenges, Netflix reported strong viewer engagement and confidence in future growth from its ad-supported tier, which is projected to significantly boost ad revenue.
Source: YAHOO