Wednesday, 21 October, 2026
Netflix Vows to 'Do Better' After Weak Profit and Ad Forecasts
By TechShots Studio
Netflix shares dropped nearly 6% in after-hours trading following weaker-than-expected Q4 profit guidance and a cut to its 2026 advertising revenue target. Co-CEO Ted Sarandos acknowledged room for improvement during the earnings call, emphasizing a focus on core high-quality content, leadership reshuffles, and better execution to maintain market leadership amidst rising streaming competition.
Read full story at REUTERS