Netflix slips after stopping subscriber tally report, downbeat Q2 revenue forecast
The Star Online - Tech·2024-04-19 19:00
(Reuters) - Netflix's shares fell as much as 6.22% to $572.58 in premarket trading on Friday after the company unexpectedly said it would no longer provide subscriber counts, while its second-quarter revenue forecast fell short of Wall Street expectations.
The video streaming pioneer's revenue target for the current quarter missed analysts' average estimate of $9.54 billion. It said on Thursday that from the 2025 first quarter, it would no longer report subscriber numbers each quarter.
……Read full article on The Star Online - Tech
America Business Entertainment Malaysia
One-stop lifestyle app dedicated to making life in Singapore a breeze!
Comments
Leave a comment in Nestia App