Netflix Narrows Revenue Outlook, Shares Drop 8% After Hours
NFLX is trading near its 52-week low of $70.86 (4.2% below the low).
Summary
Netflix tightened its full-year revenue forecast to $51B-$51.4B, down from the prior $50.7B-$51.7B range, signaling slower growth ahead. Q2 revenue of $12.56B met expectations, but the narrowed outlook and competitive pressure from short-form video platforms spooked investors, driving an 8% after-hours decline. This follows yesterday's initial Q2 report and adds the critical guidance revision and market reaction. The stock is now trading near its 52-week low, reflecting mounting concerns over subscriber engagement and ad-tier monetization.
At the time of this announcement, NFLX was trading at $67.91 on NASDAQ in the Technology sector, with a market capitalization of approximately $313.1B. The 52-week trading range was $70.86 to $127.75. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.