Entertainment
Netflix Pledges More Programs, AI to Reverse Slowing Growth
Key Points
Netflix Pledges More Programs, AI to Reverse Slowing Growth Netflix Inc. forecast a second consecutive quarter of slowing sales growth, results that will feed investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. Second quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.
Netflix Pledges More Programs, AI to Reverse Slowing Growth
Netflix Inc. forecast a second consecutive quarter of slowing sales growth, results that will feed investor anxiety about the streaming giant’s future.
The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. Second quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.