Netflix shares are trading lower after the company said it expects Q3 2024 paid net additions to be lower than Q3 2023.
Portfolio Pulse from Benzinga Newsdesk
Netflix shares are trading lower after the company announced that it expects Q3 2024 paid net additions to be lower than Q3 2023.
July 18, 2024 | 8:07 pm
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Netflix shares are trading lower due to the company's forecast that Q3 2024 paid net additions will be lower than those in Q3 2023.
The forecast of lower paid net additions for Q3 2024 compared to Q3 2023 is a negative indicator for Netflix's growth prospects, leading to a decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100