Netflix 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 Benzinga Newsdesk
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 20, 2023 | 12:04 pm
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Netflix's mixed Q2 results and soft Q3 sales guidance have led to a drop in its share price. The company also expects lower cash content spend in 2023 due to production timing and strikes.
Netflix's mixed Q2 results and soft Q3 sales guidance have negatively impacted investor sentiment, leading to a drop in its share price. Additionally, the company's expectation of lower cash content spend in 2023 due to production timing and ongoing strikes could potentially impact its future earnings, further affecting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100