Netflix projected third-quarter revenue and earnings below Wall Street expectations. The company will now release viewing-hours reports annually instead of semi-annually. Netflix is focusing on advertising, live events, and video games for future growth. Its stock experienced a significant decline after the financial forecast was announced. Engagement metrics remain healthy, and the company is exploring new technological advancements.
Source: https://economictimes.indiatimes.com/markets/us-stocks/news/netflix-earnings-forecast-disappoints-wall-street-shares-tumble/articleshow/132450655.cms
