Netflix Plunges in Early Trading Despite Earnings Beating Expectations

Netflix shares fell more than 10% in pre-market trading in the US after the company's third-quarter earnings forecast fell short of market expectations, despite mixed quarterly results.

 Earnings per share exceeded expectations at $0.80, compared to forecasts of $0.79, while revenue of $12.56 billion was slightly below expectations.

The stock was further pressured by the company's announcement that, starting in 2027, it will cease publishing quarterly viewership data, focusing instead on key financial metrics such as revenue and profit.

 These developments raised concerns among investors about a slowdown in Netflix's growth amid fierce competition in the streaming sector, leading to the sharp decline in the stock price.