finance
Netflix Shares Open Lower After Second-Quarter Earnings and Mixed Analyst Views on Growth Outlook
Netflix released second-quarter results and a third-quarter revenue forecast that missed expectations. The stock fell at the open on July 17 and has declined more than 43 percent over the past year. Analysts cited limited near-term catalysts and questioned growth momentum.
Jul 17, 5:24 PM·1m read1 source
YA
livemint.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Netflix stock opened lower on July 17 after the company released second-quarter earnings and a third-quarter revenue outlook that missed Wall Street expectations. The shares have fallen more than 43 percent over the 12 months ending July 17, with the sell-off bringing the total loss to roughly 46 percent.
On July 16 Netflix said it would publish its "Watch We Watched" viewership report once a year instead of semiannually.
She noted that Netflix walked away from a February bidding war with Paramount Skydance for Warner Bros. Discovery and named NBCUniversal as a possible acquisition target after Comcast announced in June that it would spin off the unit. LightShed Partners TMT analyst Rich Greenfield said investors believe Netflix has gone ex-growth and have no patience for the company.
William Blair analysts wrote that Netflix has sustained price increases while maintaining industry-leading retention and believes it has the levers to sustain double-digit growth without needing a new re-acceleration strategy.
Transparency
How sources framed this
YA
YA
Single source — no framing comparison available.
CorroborationModerate · 1 source
