Tuesday, December 1, 2020

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Home Business News Netflix earnings: Shares tumble after subscriber additions, guidance miss estimates

Netflix earnings: Shares tumble after subscriber additions, guidance miss estimates

Netflix (NFLX) reported paid subscriber additions and guidance that sharply missed estimates, with subscriber growth decelerating more sharply than expected over the course of 2020 after a strong initial surge in sign-ups. Shares traded more than 5% lower after market close Tuesday afternoon.

Here were the main results from the report, compared to consensus estimates compiled by Bloomberg:

  • Q3 Revenue: Click here to view the original article.

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