Netflis shares are trading lower after the company reported mixed Q2 results and issued soft Q3 sales guidance. The company also said it expects lower cash content spend in 2023 due to timing of production starts and the ongoing WGA and SAG-AFTRA strikes.
Portfolio Pulse from Bill Haddad
Netflix reported mixed Q2 results and issued soft Q3 sales guidance, leading to a drop in its share price. The company also expects lower cash content spend in 2023 due to timing of production starts and ongoing WGA and SAG-AFTRA strikes.
July 19, 2023 | 8:43 pm
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NEGATIVE IMPACT
Netflix's mixed Q2 results and soft Q3 sales guidance, along with expected lower cash content spend in 2023, have negatively impacted its share price.
Netflix's mixed Q2 results and soft Q3 sales guidance indicate potential financial instability, which is likely to negatively impact investor confidence and lead to a drop in the company's share price. Additionally, the expected lower cash content spend in 2023 due to production timing and strikes could further impact the company's financial performance and share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100