A rude awakening for the streaming king! Netflix stock plunges 9% despite double-digit growth!
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Stock plunge despite solid numbers: Netflix shares drop 9% after hours as the narrowed revenue forecast for 2026 disappoints high Wall Street expectations Growth slowdown in focus: Revenue in Q2 grew by 13.4% to $12.56 billion, barely missing the consensus estimate of $12.58 billion Lack of transparency causes skepticism: Decision to publish the detailed engagement report What We Watched annually instead of semi-annually starting in 2027 raises concerns about declining viewer engagement Streaming pioneer Netflix (NFLX) presented its...
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